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Is a Beat in the Cards for Broadridge (BR) in Q3 Earnings?

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Broadridge Financial Solutions, Inc. (BR - Free Report) is set to report third-quarter fiscal 2022 results on May 3, 2022, before the bell.

The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all of the trailing four quarters, posting an earnings surprise of 3.2%, on average.

Q3 Expectations

The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.54 billion, which indicates an 11% increase from the year-ago quarter’s reported figure. Expected growth is likely to have been driven by internal growth, new businesses, increased mutual fund proxy activity and mutual fund communications, higher volume of customer communications, and the impact of acquisitions.

The Zacks Consensus Estimate for net revenues in the Global Technology and Operations segment is pegged at $393 million, which indicates year-over-year increase of 25.2%. The consensus estimate for net revenues at Investor Communication Solutions is pegged at $1.1 billion, which suggests year-over-year increase of 3.2%.

The bottom line in the to-be-reported quarter is expected to have benefited by operating strength. The consensus mark for earnings is pegged at $1.86 per share, which suggests year-over-year increase of 5.7%.

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 0.00% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Stocks That Warrant a Look

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:

Cross Country Healthcare (CCRN - Free Report) has an Earnings ESP of +1.67% and a Zacks Rank #1.

Cross Country Healthcare delivered a trailing four-quarter earnings surprise of 41.5%, on average. CCRN’s shares have jumped 43.8% in the past year.

Opendoor Technologies (OPEN - Free Report) has an Earnings ESP of +45.46% and a Zacks Rank #2.

Opendoor Technologies has delivered a trailing four-quarter earnings surprise of 75.54%, on average. Open’s shares have declined 65.5% in the past year.

FLEETCOR Technologies has an Earnings ESP of +1.21% and a Zacks Rank #3.

FLEETCOR delivered a trailing four-quarter earnings surprise of 4.1%, on average. FLT’s shares have declined 9.9% in the past year.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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