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
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As a result the target price of 231 € shows a slightly positive potential of 13.24% compared to the current price of 204.0 € for Broadridge Financial Sol..
