Virtus Investment Partners (VRTS) Tops Q3 Earnings Estimates

Zacks10-25

Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478153938?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/kz0ozt3ejWMPXKci2JxOBw--~B/aD03NTQ7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/zacks.com/d7dcbe11345e3f8e5e71e6827fe3c4c9","is_english":true,"pubTime":"2024-10-25 20:10","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2478153938","market":"us","top_or_hot":-1,"title":"Virtus Investment Partners (VRTS) Tops Q3 Earnings Estimates","media":"Zacks","content":"<div>\n<p>Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago....</p>\n\n<a href=\"https://finance.yahoo.com/news/virtus-investment-partners-vrts-tops-121006987.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Virtus Investment Partners (VRTS) Tops Q3 Earnings Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVirtus Investment Partners (VRTS) Tops Q3 Earnings Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 20:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/virtus-investment-partners-vrts-tops-121006987.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago....</p>\n\n<a href=\"https://finance.yahoo.com/news/virtus-investment-partners-vrts-tops-121006987.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VRTS","symbol_name":"维德思投资","start_time":0,"source_url":"https://finance.yahoo.com/news/virtus-investment-partners-vrts-tops-121006987.html","article_id":"2478153938","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kz0ozt3ejWMPXKci2JxOBw--~B/aD03NTQ7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/zacks.com/d7dcbe11345e3f8e5e71e6827fe3c4c9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478153938","pubTimestamp":1729858206,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Virtus Investment Partners  came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.62%. A quarter ago, it was expected that this asset management company would post earnings of $6.61 per share when it actually produced earnings of $6.53, delivering a surprise of -1.21%.Virtus , which belongs to the Zacks Financial - Investment Management industry, posted revenues of $205.13 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.25%. This compares to year-ago revenues of $197.45 million. The company has not been able to beat consensus revenue estimates over the last four quarters.Virtus shares have lost about 11.9% since the beginning of the year versus the S&P 500's gain of 21.8%.While Virtus has underperformed the market so far this y","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VRTS":"维德思投资"},"translate_title":"Virtus Investment Partners(VRTS)第三季度盈利超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VRTS":1},"content_text":"Virtus Investment Partners (VRTS) came out with quarterly earnings of $6.92 per share, beating the Zacks Consensus Estimate of $6.81 per share. This compares to earnings of $6.21 per share a year ago. These figures are adjusted for non-recurring items.\nThis quarterly report represents an earnings surprise of 1.62%. A quarter ago, it was expected that this asset management company would post earnings of $6.61 per share when it actually produced earnings of $6.53, delivering a surprise of -1.21%.\nOver the last four quarters, the company has surpassed consensus EPS estimates two times.\nVirtus , which belongs to the Zacks Financial - Investment Management industry, posted revenues of $205.13 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.25%. This compares to year-ago revenues of $197.45 million. The company has not been able to beat consensus revenue estimates over the last four quarters.\nThe sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.\nVirtus shares have lost about 11.9% since the beginning of the year versus the S&P 500's gain of 21.8%.\nWhat's Next for Virtus?\nWhile Virtus has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?\nThere are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.\nEmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.\nAhead of this earnings release, the estimate revisions trend for Virtus: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nIt will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $7.64 on $216.33 million in revenues for the coming quarter and $26.21 on $827.31 million in revenues for the current fiscal year.\nInvestors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nOne other stock from the same industry, Victory Capital Holdings (VCTR), is yet to report results for the quarter ended September 2024. The results are expected to be released on November 7.\nThis investment management firm is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +13.6%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.\nVictory Capital Holdings' revenues are expected to be $223.18 million, up 6.4% from the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nVirtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report\nVictory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478153938"}