Broadridge Financial Soln Q3 2024 Adj EPS $2.23 Misses $2.24 Estimate, Sales $1.726B Miss $1.767B Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadridge Financial Solutions (BR) reported Q3 2024 adjusted EPS of $2.23, missing the $2.24 estimate, and sales of $1.726B, below the $1.767B estimate. This represents a 4.86% increase in sales compared to the same period last year.
May 08, 2024 | 11:05 am
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NEGATIVE IMPACT
Broadridge Financial Solutions reported a slight miss in Q3 2024 earnings and sales, with adjusted EPS at $2.23 and sales of $1.726B, missing estimates.
Missing both EPS and sales estimates could lead to negative investor sentiment in the short term, potentially impacting BR's stock price negatively. However, the year-over-year sales growth indicates underlying business strength, which might mitigate the negative impact to some extent.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100