Virtu Financial, Inc. (VIRT) , a leading financial services company, is well poised to grow on the back of its diversified business and efficiency-improving efforts. Headquartered in New York, Virtu Financial has a market cap of $5.56 billion.Its shares have returned 77.4% in the year-to-date period, outperforming both the industry and the S&P 500 Index. Over this timeframe, the industry and the S&P 500 Index have gained 15.8% and 23.9%, respectively. VIRT YTD Price Performance Image Source: Zacks Investmen ...

Investors might want to bet on Virtu Financial (VIRT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this high-speed trading company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ...

Since I initiated coverage for Virtu Financial (NASDAQ: VIRT ) earlier this year, the stock is up ~70% against ~20% of the S&P 500. The thesis back then remained true for my follow-up coverage and is still the same today, and it's aAnalyst’s Disclosure: I/we have a beneficial long position in the shares of VIRT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I ...

Virtu Financial, Inc. (VIRT) reported third-quarter 2024 adjusted earnings per share (EPS) of 82 cents, which outpaced the Zacks Consensus Estimate by 5.1%. The bottom line jumped 82.2% year over year.Adjusted net trading income improved more than 30% year over year to $388 million in the quarter under review. It beat the consensus estimate by 4%.The strong third-quarter results were aided by a strong revenue contribution from the Market Making segment and higher revenues from commissions. Organic growth du ...

Class of StockShares outstanding as of October 21, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37352 Virtu Financial, Inc. (Exact name of registrant as specifie ...

Virtu Financial, Inc. (NASDAQ:VIRT) Q3 2024 Results Conference Call October 24, 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 Cindy Lee - Chief Financial Officer Conference Call Participants Kenneth Worthington - JPMorgan Securities Craig Siegenthaler - Bank of America Chris Allen - Citi Patrick Moley - Piper Sandler Dan Fannon - Jefferies Operator Good day, and thank you for ...

Virtu Financial (VIRT) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.13%. A quarter ago, it was expected that this high-speed trading company would post earnings of $0.62 per share when it actually produced earnings of $0.83, delivering a surprise of 33.87%.Over the last four quar ...

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the third quarter ended September 30, 2024. Third Quarter 2024: Net income of $119.0 million; Normalized Adjusted Net Income1 of $132.1 millionBasic and diluted earnings per share of $0.65 and $0.64, respe ...

Virtu Financial, Inc. (VIRT) is scheduled to release third-quarter 2024 results on Oct. 24, before the opening bell. The Zacks Consensus Estimate for earnings per share is pegged at 77 cents, which indicates an improvement of 71.1% from the prior-year quarter’s reported number. Growing net trading income in the Market Making and Execution Services segments, coupled with higher commissions and technology services revenues, is expected to have benefited its quarterly performance. Stay up-to-date with all quar ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metr ...