Broadridge Financial Solutions Earnings Preview
Investors are on the edge of their collective seats, hoping that Broadridge Financial Solutions (NYS: BR) will top analyst expectations for the third consecutive quarter. The company will unveil its latest earnings on Tuesday, Feb. 7. Broadridge Financial Solutions is a global provider of investor communication, securities processing, and clearing and outsourcing solutions to the financial services industry.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Broadridge Financial Solutions, with four out of five rating it a buy and the remainder rating it a hold. Analysts like Broadridge Financial Solutions better than competitor CoreLogic overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $498.7 million in revenue this quarter. That would represent a rise of 12.7% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.12 per share. Estimates range from $0.12 to $0.13.
What our community says:
CAPS All-Stars are solidly backing the stock, with 100% assigning it an outperform rating. The community at large agrees with the All-Stars, with 96% granting it a rating of outperform. Fools have embraced Broadridge Financial Solutions, though the message boards have been quiet lately, with only 67 posts in the past 30 days. Broadridge Financial Solutions has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Broadridge Financial Solutions' income has fallen year-over-year by an average of 3.4% over the past five quarters. Revenue has now gone up for three straight quarters.
One final thing: If you want to keep tabs on Broadridge Financial Solutions' movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published
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