Broadridge Financial Solutions, Inc. (BR - Free Report) is set to report first-quarter fiscal 2022 results on Nov 3, 2021.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in two of the trailing four quarters, matching the same in the other two, delivering an earnings surprise of 15.2%, on average.
Q1 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.14 billion, which indicates a 12.1% increase from the year-ago quarter’s reported figure. Expected growth is likely to have been driven by internal growth, new businesses, increased equity contests, capital markets and other communications, higher volume of customer communications, and impact of acquisitions.
The Zacks Consensus Estimate for net revenues in the Global Technology and Operations segment is pegged at $357 million, which indicates year-over-year increase of 20.6%. The consensus estimate for net revenues at Investor Communication Solutions is pegged at $808 million, which suggests year-over-year increase of 7.3%.
The bottom line in the to-be-reported quarter is likely to have benefited from operating strength. The consensus mark for earnings is pegged at $1.02 per share, which suggests year-over-year increase of 4.1%.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Broadridge this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Broadridge has an Earnings ESP of -0.59% and a Zacks Rank #3.
Stocks That Warrant a Look
Here are a few stocks that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Fox Corporation (FOXA - Free Report) has an Earnings ESP of +6.18% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Synaptics Incorporated (SYNA - Free Report) has an Earnings ESP of +0.38% and a Zacks Rank #2.
Paylocity Holding Corporation (PCTY - Free Report) has an Earnings ESP of +8.48% and a Zacks Rank #3.
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Broadridge Financial Solutions, Inc. (BR - Free Report) is set to report first-quarter fiscal 2022 results on Nov 3, 2021.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in two of the trailing four quarters, matching the same in the other two, delivering an earnings surprise of 15.2%, on average.
Q1 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.14 billion, which indicates a 12.1% increase from the year-ago quarter’s reported figure. Expected growth is likely to have been driven by internal growth, new businesses, increased equity contests, capital markets and other communications, higher volume of customer communications, and impact of acquisitions.
The Zacks Consensus Estimate for net revenues in the Global Technology and Operations segment is pegged at $357 million, which indicates year-over-year increase of 20.6%. The consensus estimate for net revenues at Investor Communication Solutions is pegged at $808 million, which suggests year-over-year increase of 7.3%.
The bottom line in the to-be-reported quarter is likely to have benefited from operating strength. The consensus mark for earnings is pegged at $1.02 per share, which suggests year-over-year increase of 4.1%.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Broadridge this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Broadridge has an Earnings ESP of -0.59% and a Zacks Rank #3.
Stocks That Warrant a Look
Here are a few stocks that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Fox Corporation (FOXA - Free Report) has an Earnings ESP of +6.18% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Synaptics Incorporated (SYNA - Free Report) has an Earnings ESP of +0.38% and a Zacks Rank #2.
Paylocity Holding Corporation (PCTY - Free Report) has an Earnings ESP of +8.48% and a Zacks Rank #3.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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