Virtus Inv Q2 2024 Adj EPS $6.53 Misses $6.61 Estimate, Sales $224.384M Beat $205.530M Estimate
Portfolio Pulse from Benzinga Newsdesk
Virtus Investment Partners (NASDAQ: VRTS) reported Q2 2024 adjusted EPS of $6.53, missing the $6.61 estimate, but sales of $224.384M beat the $205.530M estimate.
July 26, 2024 | 11:01 am
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NEUTRAL IMPACT
Virtus Investment Partners reported Q2 2024 adjusted EPS of $6.53, missing the $6.61 estimate, but sales of $224.384M beat the $205.530M estimate. EPS increased by 20.26% YoY, and sales increased by 5.08% YoY.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact. The YoY growth in both EPS and sales is positive, but the EPS miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100