Broadridge Financial Solutions Q4 Adj EPS $3.21 Beats $3.10 Estimate, Sales $1.84B Miss $1.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadridge Financial Solutions (NYSE:BR) reported Q4 adjusted earnings of $3.21 per share, beating the analyst consensus estimate of $3.10 by 3.55%. This is a 21.13% increase from the same period last year. However, the company's quarterly sales of $1.84 billion missed the analyst consensus estimate of $1.89 billion by 2.49%, though it's a 6.73% increase from last year.
August 08, 2023 | 11:04 am
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Broadridge Financial's Q4 earnings beat estimates but sales missed. Earnings per share were $3.21, up 21.13% YoY, while sales were $1.84B, missing estimates by 2.49% but up 6.73% YoY.
Broadridge Financial's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100