Broadridge Outperforms on EPS, Revenue
Broadridge Financial Solutions (NYSE:BR), a leading provider of investor communications and outsourcing solutions, reported its second quarter results on Jan. 31, 2025. The company outperformed market estimates significantly, with its adjusted EPS reaching $1.56 against the anticipated $1.49, a 4.7% beat. Revenue also came in above expectations at $1,589 million, surpassing the $1,556 million forecast and reflecting an annual growth of 13.1%. Overall, this quarter reflected robust operational performance and strategic advancement across key business segments.
Source: Analyst estimates for the quarter provided by FactSet.
Broadridge Financial Solutions specializes in comprehensive investor communications and processing systems for the financial industry. The Investor Communication Solutions segment, representing approximately 75% of total revenue, remains its centerpiece. It involves regulatory and data-driven solutions crucial for financial transactions.
Source Fool.com
Broadridge Financial Sol. Stock
Our community is currently high on Broadridge Financial Sol. with 4 Buy predictions and 0 Sell predictions.
With a target price of 257 € there is a positive potential of 31.79% for Broadridge Financial Sol. compared to the current price of 195.0 €.
