Virtus Inv Q2 Adj. EPS $5.43 Misses $5.88 Estimate, Sales $213.54M Beat $197.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtus Inv (NASDAQ:VRTS) reported Q2 adjusted earnings of $5.43 per share, missing the analyst consensus estimate of $5.88 by 7.65%. This is a 20.85% decrease from the same period last year. However, the company reported quarterly sales of $213.54 million, beating the analyst consensus estimate of $197.52 million by 8.11%, but still a 5.22% decrease from last year.
July 28, 2023 | 11:24 am
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Virtus Inv's Q2 earnings missed estimates and decreased YoY, while sales beat estimates but also decreased YoY.
Virtus Inv's earnings miss and YoY decrease could negatively impact investor sentiment, potentially leading to a short-term decrease in stock price. While the sales beat estimates, the YoY decrease might also concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100