Broadridge Q2 Earnings & Revenues Surpass Estimates, Rise Y/Y

Broadridge Financial Solutions, Inc. BR has reported impressive second-quarter fiscal 2025 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.BR’s adjusted earnings of $1.6 per share outpaced the consensus mark by 12.2% and increased 69.6% from the year-ago quarter. Total revenues of $1.6 billion surpassed the consensus mark by 3% and rose 12.8% year over year.The company’s stock has gained 20.5% over the past year compared with the 27.8% rally of the industry it belongs to and 27% growth of the Zacks S&P 500 Composite.Broadridge Financial Solutions, Inc. Price, Consensus and EPS Surprise  Broadridge Financial Solutions, Inc. price-consensus-eps-surprise-chart | Broadridge Financial Solutions, Inc. QuoteBroadridge’s Key Q2 MetricsRevenues in the Investor Communication Solutions (ICS) segment increased 15% from the year-ago quarter to $1.1 billion, meeting our estimate. The Global Technology and Operations (GTO) segment’s revenues amounted to $440 million, lagging our estimate of $441.3 million but increasing 9% on a year-over-year basis.Adjusted operating income of $263 million rose 51% from the year-ago quarter. Adjusted operating income margin of 16.6% gained 420 basis points year over year.Broadridge exited the quarter with a cash and cash equivalents balance of $289.9 million compared with $292.8 million at the end of the preceding quarter. Long-term debt was $3.7 billion compared with $3.6 billion at the end of the prior quarter.The company generated $236.7 million of cash in operating activities. Capex was $ 8.8 million in the quarter. The company paid out $102.8 million in dividends.BR’s FY25 GuidanceBroadridge expects recurring revenue growth of 6-8%. Adjusted earnings per share growth is expected to be 8-12%. The adjusted operating income margin is estimated to be 20%.Broadridge currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Earnings SnapshotsAutomatic Data Processing, Inc. ADP reported impressive second-quarter fiscal 2025 results.ADP’s earnings per share of $2.4 beat the consensus estimate by 3.5% and increased 10.3% from the year-ago quarter. Total revenues of $5.1 billion surpassed the consensus estimate by 1.6% and grew 8.1% on a year-over-year basis.Accenture plc ACN posted better-than-expected first-quarter fiscal 2025 results.ACN’s earnings (excluding 13 cents from non-recurring items) of $3.6 per share outpaced the Zacks Consensus Estimate by 6.2% and increased 28.7% from the year-ago quarter. Total revenues of $17.7 billion beat the consensus estimate by 3.1% and gained 9.1% on a year-over-year basis.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 Accenture PLC (ACN): Free Stock Analysis Report Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis Report Automatic Data Processing, Inc. (ADP): 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