Virtu Financial, Inc. (NASDAQ:VIRT ) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Doug Cifu - CEO Cindy Lee - CFO Joseph Molluso - Co President & Co-COO Andrew Smith - IR Conference Call Participants Patrick Moley - Piper Sandler Chris Allen - Citi Ken Worthington - J.P. Morgan Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Operator Good day, and thank you for standing by.
VIRT's fourth-quarter results benefit from higher commissions and net trading income, partially offset by higher expenses.
Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Virtu Financial (VIRT) or American Express (AXP). But which of these two stocks is more attractive to value investors?
Virtu Financial (VIRT) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.27 per share a year ago.
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Does Virtu Financial (VIRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Virtu Financial stock price is nearing its all-time high as hopes of friendly regulations in the United States continues. VIRT was trading at $37.25, a few points below the all-time high of $38.25 ahead of the upcoming earnings.
Virtu Financial benefits from the booming ETF and crypto markets, showing strong growth with a modest valuation and solid earnings performance. VIRT's Q3 results beat expectations, with $0.82 EPS and $388 million revenue, and the company maintains strong EBITDA margins and a robust buyback program. Analysts forecast modest EPS and revenue growth, with a potential stock price target of $41, making VIRT shares undervalued.
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From a technical perspective, Virtu Financial (VIRT) is looking like an interesting pick, as it just reached a key level of support. VIRT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Virtu Financial (VIRT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, VIRT broke through the 50-day moving average, which suggests a short-term bullish trend.
Virtu Financial (VIRT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.