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Broadridge Financial (BR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Broadridge Financial Solutions (BR - Free Report) reported $1.94 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.7%. EPS of $3.50 for the same period compares to $3.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of -1.05%. The company delivered an EPS surprise of +0.57%, with the consensus EPS estimate being $3.48.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Broadridge Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenues- Global Technology and Operations
: $415.90 million versus $418.95 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Total ICS Recurring Fee Revenues
: $910.40 million compared to the $918.02 million average estimate based on three analysts. The reported number represents a change of +6.1% year over year.
Total ICS Event- Driven Fee Revenues- Equity and other
: $42.10 million versus $36.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.8% change.
Total ICS Event- Driven Fee Revenues- Mutual funds
: $34 million versus the three-analyst average estimate of $28.82 million. The reported number represents a year-over-year change of +29.3%.
Total ICS Event- Driven Fee Revenues
: $76.10 million versus $65.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +29.2% change.
Distribution Revenues
: $541.90 million versus $564.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.
Net revenues- Investor Communication Solutions
: $1.53 billion compared to the $1.55 billion average estimate based on three analysts. The reported number represents a change of +6.3% year over year.
Total ICS Recurring Fee Revenues- Data- driven fund solutions
: $121.80 million compared to the $121.92 million average estimate based on three analysts. The reported number represents a change of +7.4% year over year.
Total ICS Recurring Fee Revenues- Issuer
: $141 million versus $146.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
Total ICS Recurring Fee Revenues- Customer communications
: $170.60 million versus $169.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Total GTO Recurring Fee Revenues- Capital markets
: $272.50 million versus $268.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.
Total GTO Recurring Fee Revenues- Wealth and investment management
: $143.50 million compared to the $150.17 million average estimate based on three analysts. The reported number represents a change of +0.2% year over year.
Shares of Broadridge Financial have returned +3.4% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Broadridge Financial (BR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Broadridge Financial Solutions (BR - Free Report) reported $1.94 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.7%. EPS of $3.50 for the same period compares to $3.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of -1.05%. The company delivered an EPS surprise of +0.57%, with the consensus EPS estimate being $3.48.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Broadridge Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Broadridge Financial here>>>Net Revenues- Global Technology and Operations
: $415.90 million versus $418.95 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.Total ICS Recurring Fee Revenues
: $910.40 million compared to the $918.02 million average estimate based on three analysts. The reported number represents a change of +6.1% year over year.Total ICS Event- Driven Fee Revenues- Equity and other
: $42.10 million versus $36.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.8% change.Total ICS Event- Driven Fee Revenues- Mutual funds
: $34 million versus the three-analyst average estimate of $28.82 million. The reported number represents a year-over-year change of +29.3%.Total ICS Event- Driven Fee Revenues
: $76.10 million versus $65.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +29.2% change.Distribution Revenues
: $541.90 million versus $564.21 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.Net revenues- Investor Communication Solutions
: $1.53 billion compared to the $1.55 billion average estimate based on three analysts. The reported number represents a change of +6.3% year over year.Total ICS Recurring Fee Revenues- Data- driven fund solutions
: $121.80 million compared to the $121.92 million average estimate based on three analysts. The reported number represents a change of +7.4% year over year.Total ICS Recurring Fee Revenues- Issuer
: $141 million versus $146.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.Total ICS Recurring Fee Revenues- Customer communications
: $170.60 million versus $169.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.Total GTO Recurring Fee Revenues- Capital markets
: $272.50 million versus $268.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.Total GTO Recurring Fee Revenues- Wealth and investment management
: $143.50 million compared to the $150.17 million average estimate based on three analysts. The reported number represents a change of +0.2% year over year.Shares of Broadridge Financial have returned +3.4% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.