Broadridge Earns $1.93 per Share

We got another earnings report this morning. Broadridge Financial Solutions (BR) said it made $1.93 per share for its fiscal Q3. That beat estimates of $1.78 per share. Revenues rose 10% to $1.53 billion and recurring fee revenue increased by 16%.

Broadridge now expects recurring fee revenue growth to come in at the high end of its forecast of 12% to 15%. The company is also increasing the low end of its range for full-year earnings growth. The previous range was 11% to 15% and the new range is 13% to 15%.

Let’s do some math. Last year, Broadridge made $5.66 per share, so 13% to 15% growth on top of that works out to $6.40 to $6.51 per share. Wall Street had been expecting $6.38 per share.

Since Broadridge has already made $3.81 per share its first three quarters, that implies a Q4 range of $2.59 to $2.70 per share.

Posted by on May 3rd, 2022 at 10:12 am


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