Broadridge Reports Mixed Q1: Earnings Surpass Forecasts As Recurring Revenue Gains Offset Lower Event-Driven Sales
Financial Performance: Broadridge Financial Solutions reported a 1% decline in revenue to $1.42 billion for Q1, missing expectations, but saw a 3% increase in recurring revenues and a 21% rise in closed sales. Adjusted EPS of $1.00 exceeded the consensus estimate of $0.97.
Future Outlook: The company raised its recurring revenue growth outlook to 6%-8% and maintained its adjusted EPS growth guidance of 8%-12%, with CEO Tim Gokey emphasizing ongoing strategies to innovate and modernize financial services.
Trade with 70% Backtested Accuracy
Analyst Views on TMFM
No data
About the author
StoneX Buys R.J. O'Brien for $900 Million, Gains 300 IBs, Adds $6 Billion Client Float
Acquisition Announcement: StoneX Group Inc. plans to acquire R.J. O’Brien for approximately $900 million, consisting of $625 million in cash and shares, enhancing its position as a leading futures commission merchant (FCM) and expanding its service capabilities.
Financial Impact and Growth: The acquisition is expected to increase StoneX's client float by nearly $6 billion and boost annual cleared derivatives volume significantly, with the deal anticipated to close in the third quarter of 2025, pending regulatory approvals.
Brown & Brown Gets Downgraded But Analyst Still Vouches For Long-Term Growth
Analyst Downgrade: Morgan Stanley analyst Bob Jian Huang downgraded Brown & Brown, Inc. from Overweight to Equal-weight, maintaining a price forecast of $128 due to the stock's strong year-to-date performance limiting its attractiveness despite confidence in long-term growth.
Growth Expectations: Huang anticipates mid to high single-digit organic growth for 2025 and 2026, supported by the Programs and Wholesale Brokerage segments, while noting that the company's fundamentals are expected to outperform peers in the long run.
Broadridge Reports Mixed Q1: Earnings Surpass Forecasts As Recurring Revenue Gains Offset Lower Event-Driven Sales
Financial Performance: Broadridge Financial Solutions reported a 1% decline in revenue to $1.42 billion for Q1, missing expectations, but saw a 3% increase in recurring revenues and a 21% rise in closed sales. Adjusted EPS of $1.00 exceeded the consensus estimate of $0.97.
Future Outlook: The company raised its recurring revenue growth outlook to 6%-8% and maintained its adjusted EPS growth guidance of 8%-12%, with CEO Tim Gokey emphasizing ongoing strategies to innovate and modernize financial services.
Why Is Broadridge Financial Solutions Stock Trading Higher Today?
Financial Performance: Broadridge Financial Solutions reported a 6% year-over-year revenue growth to $1.94 billion for Q4 FY24, slightly missing expectations, while adjusted EPS rose 9% to $3.50, aligning with consensus. The company also announced a 10% increase in its annual dividend.
Future Outlook: For FY25, Broadridge anticipates recurring revenue growth of 5% to 7% and adjusted EPS growth of 8% to 12%, indicating strong confidence in meeting its three-year financial objectives.
Why Broadridge Financial Shares Are Diving Today
Why Industrial And Construction Supplies Distributor Fastenal's Shares Are Down Today
StoneX Buys R.J. O'Brien for $900 Million, Gains 300 IBs, Adds $6 Billion Client Float
Acquisition Announcement: StoneX Group Inc. plans to acquire R.J. O’Brien for approximately $900 million, consisting of $625 million in cash and shares, enhancing its position as a leading futures commission merchant (FCM) and expanding its service capabilities.
Financial Impact and Growth: The acquisition is expected to increase StoneX's client float by nearly $6 billion and boost annual cleared derivatives volume significantly, with the deal anticipated to close in the third quarter of 2025, pending regulatory approvals.
Brown & Brown Gets Downgraded But Analyst Still Vouches For Long-Term Growth
Analyst Downgrade: Morgan Stanley analyst Bob Jian Huang downgraded Brown & Brown, Inc. from Overweight to Equal-weight, maintaining a price forecast of $128 due to the stock's strong year-to-date performance limiting its attractiveness despite confidence in long-term growth.
Growth Expectations: Huang anticipates mid to high single-digit organic growth for 2025 and 2026, supported by the Programs and Wholesale Brokerage segments, while noting that the company's fundamentals are expected to outperform peers in the long run.
Broadridge Reports Mixed Q1: Earnings Surpass Forecasts As Recurring Revenue Gains Offset Lower Event-Driven Sales
Financial Performance: Broadridge Financial Solutions reported a 1% decline in revenue to $1.42 billion for Q1, missing expectations, but saw a 3% increase in recurring revenues and a 21% rise in closed sales. Adjusted EPS of $1.00 exceeded the consensus estimate of $0.97.
Future Outlook: The company raised its recurring revenue growth outlook to 6%-8% and maintained its adjusted EPS growth guidance of 8%-12%, with CEO Tim Gokey emphasizing ongoing strategies to innovate and modernize financial services.
Why Is Broadridge Financial Solutions Stock Trading Higher Today?
Financial Performance: Broadridge Financial Solutions reported a 6% year-over-year revenue growth to $1.94 billion for Q4 FY24, slightly missing expectations, while adjusted EPS rose 9% to $3.50, aligning with consensus. The company also announced a 10% increase in its annual dividend.
Future Outlook: For FY25, Broadridge anticipates recurring revenue growth of 5% to 7% and adjusted EPS growth of 8% to 12%, indicating strong confidence in meeting its three-year financial objectives.
Why Broadridge Financial Shares Are Diving Today
Why Industrial And Construction Supplies Distributor Fastenal's Shares Are Down Today
