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Broadridge Financial Solutions Llc (BR)
NYSE:BR
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$1.44Last Year’s EPS
$0.92Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 11.04%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
Broadridge's earnings call highlighted solid first-quarter results with strong sales growth and strategic acquisitions. However, challenges such as the E-Trade deconversion impact, lower event-driven revenues, and modest EPS growth were also noted.Company Guidance
During the Broadridge Fiscal First Quarter 2025 earnings call, the company provided optimistic guidance for the year. They raised their fiscal 2025 recurring revenue growth guidance to 6% to 8%, largely due to the acquisition of SIS, expected to add over a percentage point to growth. Broadridge reported 4% growth in recurring revenue, despite a 170 basis point headwind from the E-Trade deconversion. The company recorded $57 million in closed sales, marking a first-quarter record and a 21% increase over the previous year. Broadridge anticipates 8% to 12% adjusted EPS growth and aims for a 50 basis point expansion in underlying core margins. The company is confident in achieving mid- to high single-digit position growth and remains on track to meet its three-year financial objectives.Solid First Quarter Results
Broadridge reported a 4% growth in recurring revenue in constant currency, driven by governance and capital markets franchises. Closed sales rose 21%, and the company is on track to deliver strong full-year results.
Acquisition of SIS
Broadridge completed the acquisition of SIS, which is expected to grow the Canadian business and contribute over 1 percentage point to Broadridge's overall growth.
Record Closed Sales
Broadridge recorded a first-quarter record of $57 million in closed sales, reflecting strong demand for customer communications and class action services.
Raised Recurring Revenue Guidance
The fiscal '25 recurring revenue guidance was raised to 6% to 8%, reflecting strong organic growth and the acquisition of SIS.
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BR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $208.86 | $217.48 | +4.13% |
| Aug 06, 2024 | $206.88 | $216.83 | +4.81% |
| May 08, 2024 | $198.96 | $188.19 | -5.41% |
| Feb 01, 2024 | $200.97 | $198.44 | -1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Broadridge Financial Solutions Llc (BR) report earnings?
Broadridge Financial Solutions Llc (BR) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Broadridge Financial Solutions Llc (BR) earnings time?
Broadridge Financial Solutions Llc (BR) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BR EPS forecast?
BR EPS forecast for the fiscal quarter 2025 (Q2) is $1.44.
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