Virtu Financial (VIRT) closed the most recent trading day at $27.39, moving -1.83% from the previous trading session. This change lagged the S&P 500's daily gain of 0.58%.
Coming into today, shares of the high-speed trading company had lost 5.58% in the past month. In that same time, the Finance sector lost 0.7%, while the S&P 500 gained 2.17%.
VIRT will be looking to display strength as it nears its next earnings release. On that day, VIRT is projected to report earnings of $0.82 per share, which would represent a year-over-year decline of 52.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $373.86 million, down 44.09% from the year-ago period.
VIRT's full-year Zacks Consensus Estimates are calling for earnings of $4.20 per share and revenue of $1.79 billion. These results would represent year-over-year changes of -27.08% and -21.2%, respectively.
Investors might also notice recent changes to analyst estimates for VIRT. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. VIRT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, VIRT is currently trading at a Forward P/E ratio of 6.64. This represents a discount compared to its industry's average Forward P/E of 12.9.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 175, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
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