VIRTU FINANCIAL INC (NASDAQ: VIRT) has reported earnings for its third fiscal quarter (ending September 30) of $0.63 versus $0.38 for the same period a year ago — an increase of 66%. This result exceeded the consensus estimate of $0.41 by $0.22. For the latest four quarters through September 30, E.P.S. were $1.63 versus $3.07 for the same period a year ago — a decline of -47%.
Recent Price Action
VIRTU FINANCIAL INC (NASDAQ: VIRT) stock suffered a large decline of -2.5% on 11/2/23. The stock closed at $17.83. The stock has performed in line with the market over the last nine months and has declined -2.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VIRT is expected to continue to be an important Value Builder.
VIRTU FINANCIAL INC has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. VIRTU FINANCIAL INC has a neutral Power Rating of 51 but a good Appreciation Score of 77, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.