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Virtu Financial (VIRT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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Virtu Financial reported overperformance despite a decline in volatility and volumes industry-wide. The company is preparing to make markets for Ethereum products, with the potential for significant growth in net trading income and operating leverage effects. Valuation reflects market reticence over the crypto exposure, since without it the VIRT stock's valuation is still a bit discounted.
Virtu Financial, Inc. (NASDAQ:VIRT ) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Andrew Smith - Investor and Media Relations Douglas Cifu - Chief Executive Officer Joseph Molluso - Co President & Co Chief Operating Officer Sean Galvin - Chief Financial Officer Conference Call Participants Patrick Moley - Piper Sandler Craig Siegenthaler - Bank of America Kenneth Worthington - JPMorgan Securities Chris Allen - Citi Alex Kramm - UBS Operator Good day. And thank you for standing by.
Virtu Financial's (VIRT) Market Making unit's revenues jump 40.6% year over year in Q2.
Virtu Financial (VIRT) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.37 per share a year ago.
Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Virtu Financial (VIRT) and Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?
Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Growth initiatives, like expanding into options, cryptocurrency, ETF block trading, IPO investing and others, position Virtu Financial (VIRT) well for long-term growth.
Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Virtu Financial (VIRT) and Moody's (MCO). But which of these two stocks is more attractive to value investors?
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