Victory Capital Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

• Victory Capital Holdings Inc VCTR.OQ reported quarterly adjusted earnings of $1.51​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.19. The mean expectation of seven analysts for the quarter was for earnings of $1.55 per share. Wall Street expected results to range from $1.38 to $1.70 per share.

• Revenue rose 60.1% to $361.20 million from a year ago; analysts expected $363.60 million.

• Victory Capital Holdings Inc's reported EPS for the quarter was $1.11​.

• The company reported quarterly net income of $96.54 million.

• Victory Capital Holdings Inc shares had fallen by 4.8% this quarter and lost 5.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.7% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

• Wall Street's median 12-month price target for Victory Capital Holdings Inc is $71.00, about 13.1% above its last closing price of $61.68

This summary was machine generated from LSEG data November 7 at 06:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)