Virtus Investment Partners(US:VRTS) ZACKSยท2024-10-25 13:11Company Performance - Virtus Investment Partners reported quarterly earnings of $6.92 per share, exceeding the Zacks Consensus Estimate of $6.81 per share, and up from $6.21 per share a year ago, representing an earnings surprise of 1.62% [1] - The company posted revenues of $205.13 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 1.25%, compared to $197.45 million in the same quarter last year [1] - Over the last four quarters, Virtus has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] Stock Outlook - The immediate price movement of Virtus shares will largely depend on management's commentary during the earnings call, as the stock has lost about 11.9% since the beginning of the year, while the S&P 500 has gained 21.8% [2] - The current consensus EPS estimate for the upcoming quarter is $7.64 on revenues of $216.33 million, and for the current fiscal year, it is $26.21 on revenues of $827.31 million [4] Industry Context - The Financial - Investment Management industry, to which Virtus belongs, is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [5] - Another company in the same industry, Victory Capital Holdings, is expected to report quarterly earnings of $1.34 per share, reflecting a year-over-year increase of 13.6%, with revenues projected at $223.18 million, up 6.4% from the previous year [5]