Broadridge Financial (BR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Broadridge Financial Solutions (BR) reported $1.59 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 13.1%. EPS of $1.56 for the same period compares to $0.92 a year ago.The reported revenue represents a surprise of +2.98% over the Zacks Consensus Estimate of $1.54 billion. With the consensus EPS estimate being $1.39, the EPS surprise was +12.23%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Broadridge Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Global Technology and Operations: $440 million versus the four-analyst average estimate of $436.47 million. The reported number represents a year-over-year change of +8.5%. Investor Communication Solutions- Total ICS Recurring revenues: $540.20 million versus the four-analyst average estimate of $527.43 million. The reported number represents a year-over-year change of +9.5%. Investor Communication Solutions- ICS Event-driven revenues- Equity and other: $24.60 million compared to the $22.23 million average estimate based on four analysts. The reported number represents a change of +11.3% year over year. Investor Communication Solutions- ICS Event-driven revenues- Mutual funds: $99.90 million versus $63.83 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +201.8% change. Investor Communication Solutions- Total ICS Event-driven revenues: $124.60 million compared to the $86.06 million average estimate based on four analysts. The reported number represents a change of +125.7% year over year. Investor Communication Solutions- Distribution revenues: $484.50 million versus $493.28 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change. Revenues- Investor Communication Solutions: $1.15 billion versus the four-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of +15%. Investor Communication Solutions- ICS Recurring revenues- Data-driven fund solutions: $114.50 million versus the four-analyst average estimate of $112.44 million. The reported number represents a year-over-year change of +8.7%. Investor Communication Solutions- ICS Recurring revenues- Issuer: $36 million versus the four-analyst average estimate of $32.96 million. The reported number represents a year-over-year change of +17.7%. Investor Communication Solutions- ICS Recurring revenues- Customer communications: $179.20 million compared to the $171.95 million average estimate based on four analysts. The reported number represents a change of +10.1% year over year. Global Technology and Operations- GTO Recurring revenues- Capital markets: $279.40 million compared to the $281.90 million average estimate based on four analysts. The reported number represents a change of +6.5% year over year. Global Technology and Operations- GTO Recurring revenues- Wealth and investment management: $160.60 million versus $154.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.3% change. View all Key Company Metrics for Broadridge Financial here>>>Shares of Broadridge Financial have returned +5.4% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks