Boutique investment manager Virtus beats Q3 revenue estimate

Reuters10-24

Boutique investment manager Virtus beats Q3 revenue estimate

Overview

Virtus Q3 revenue beat analyst expectations despite a 5% yr/yr decline
Adjusted EPS for Q3 missed consensus, reflecting operational challenges
Company reported net outflows of $3.9 bln in Q3, impacting AUM

Outlook

Virtus Investment Partners did not provide specific future guidance

Result Drivers

INSTITUTIONAL SALES - Institutional sales rose to $2.0 bln, including a $0.4 bln CLO issuance
ETF NET FLOWS - Positive net flows in ETFs reached $0.9 bln, the highest quarterly level
NET OUTFLOWS - Net outflows of $3.9 bln were unchanged from the prior quarter, driven by equity strategy outflows

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$216.40 mln	$198.82 mln (1 Analyst)
Q3 Adjusted EPS	Miss	$6.69	$6.77 (4 Analysts)
Q3 EPS		$4.65

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Virtus Investment Partners Inc is $185.50, about 4.3% above its October 23 closing price of $177.44
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBwb1fyZya

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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fund operators peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for Virtus Investment Partners Inc is $185.50, about 4.3% above its October 23 closing price of $177.44</p></li><li><p>The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago</p></li></ul><p>Press Release: <span>ID:nBwb1fyZya</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0154245673.USD","symbol_name":"BNP PARIBAS US MID CAP \"C\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251024:nL1N3W50CI:1","article_id":"2577559091","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577559091","pubTimestamp":1761304124,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Boutique investment manager Virtus beats Q3 revenue estimateOverviewVirtus Q3 revenue beat analyst expectations despite a 5% yr/yr declineAdjusted EPS for Q3 missed consensus, reflecting operational c","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","BK4585":"ETF&股票定投概念","CMI":"康明斯","BK4567":"ESG概念","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"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":"4.35.11","shortVersion":"4.35.11","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/2577559091","isCrawlerRequest":true}