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Virtu Financial Inc. (GB:0A7X)
:0A7X
Holding GB:0A7X?
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.85Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 15.04%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and growth in newer business areas like crypto and options. However, challenges such as declining trading volumes in key markets and concerns over regulatory changes were also discussed. The sentiment is balanced between positive developments and notable challenges.Company Guidance
During Virtu Financial's Q3 2024 earnings call, the company reported robust financial performance with an adjusted EPS of $0.82 and an adjusted net trading income of $6.1 million per day. They achieved a 55% EBITDA margin, generating $215 million in EBITDA on an adjusted basis. Despite a decrease in global volumes, including a 4% drop in U.S. equity share volume and a 20% decline in European volumes compared to the previous quarter, Virtu's Virtu Execution Services (VES) business remained stable. The company highlighted its progress in growth initiatives, such as Virtu Technology Solutions, and noted that their organic growth initiatives contributed about 10% to the adjusted net trading income. Virtu's strategic investments in options and ETF block businesses, as well as crypto market-making, continued to show promising results, with crypto options and ETF block performing well. The company also reiterated its commitment to capital return strategies, repurchasing 1.7 million shares at an average price of $20.80, with a total of 49 million shares repurchased at an average price of $25.24 since the program's inception.Strong Financial Performance
Virtu earned $0.82 of adjusted EPS on $6.1 million per day of adjusted net trading income. The company generated a 55% EBITDA margin and $215 million of EBITDA on an adjusted basis.
Growth in Crypto and Options
The company reported strong performance in crypto options and ETF block. Spot Bitcoin ETF volumes were up about 2% compared to Q2, and new spot Ethereum ETFs are trading about 50% to 60% as many shares as the spot Bitcoin ETFs.
Expansion and Client Wins
Virtu expanded its client base with new client wins in Virtu Execution Services (VES) and increased adoption of its new switcher algo. Additionally, it is broadening its distribution and capabilities in ETF block trading.
Share Repurchase Program
Virtu repurchased 1.7 million shares at an average price of $20.80 per share during the quarter, demonstrating a commitment to returning capital to shareholders.
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GB:0A7X 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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GB:0A7X Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $31.88 | $30.54 | -4.18% |
| Jul 18, 2024 | $23.07 | $27.69 | +20.04% |
| Apr 24, 2024 | $20.73 | $22.03 | +6.29% |
| Jan 25, 2024 | $18.33 | $16.66 | -9.09% |
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 Virtu Financial Inc. (GB:0A7X) report earnings?
Virtu Financial Inc. (GB:0A7X) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Virtu Financial Inc. (GB:0A7X) earnings time?
Virtu Financial Inc. (GB:0A7X) earnings time is at Jan 23, 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 the P/E ratio of Virtu Financial Inc. stock?
The P/E ratio of Virtu Financial Inc. is N/A.
What is GB:0A7X EPS forecast?
GB:0A7X EPS forecast for the fiscal quarter 2024 (Q4) is 0.85.
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