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A Glimpse of Virtus Inv's Earnings Potential

Virtus Inv (NASDAQ:VRTS) is gearing up to announce its quarterly earnings on Friday, 2024-10-25. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Virtus Inv will report an earnings per share (EPS) of $6.78.

Virtus Inv bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

Last quarter the company missed EPS by $0.08, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Virtus Inv's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

6.61

5.41

5.96

6.17

EPS Actual

6.53

5.41

6.11

6.21

Price Change %

-5.0%

-2.0%

-3.0%

0.0%

Market Performance of Virtus Inv's Stock

Shares of Virtus Inv were trading at $209.24 as of October 23. Over the last 52-week period, shares are up 21.19%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Virtus Inv

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Virtus Inv.

The consensus rating for Virtus Inv is Underperform, ...