VIRT

A month has gone by since the last earnings report for Virtu Financial (VIRT). Shares have lost about 1.7% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Virtu Financial due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. VIRT Beats Q1 Earnings Estimates on Execution Services Unit StrengthVirtu Financial reported first-quarter adjusted earnings per share (EPS) of $2.24, which beat the Zacks Consensus Estimate by 34.9%. The bottom line increased 72.3% year over year. Adjusted Net Trading Income rose 58.2% year over year to $786.5 million, surpassing the consensus estimate by 37.5%.The strong quarterly results can be attributed to the improved commissions and technology services revenues. Strong performance in both the Market Making and Execution Services segments, driven by increased trading activity, also contributed to the upside. However, an increased expense level partially offset the positives. Revenues from commissions, net and technology services rose 23.3% year over year to $186.6 million. The metric beat the Zacks Consensus Estimate and our model estimate of $163.2 million. Interest and dividend income of $127.5 million increased 16.9% year over year but missed both the Zacks Consensus Estimate and our estimate of $128.6 million.Adjusted EBITDA increased 62.7% year over year to $520.6 million. Adjusted EBITDA margin improved year over year to 66.2% from 64.4% a year ago.Total operating expenses rose 11.7% year over year to $685.8 million, but were lower than our estimate of $771.7 million. The increase was due to higher costs related to communication and data processing, as well as employee compensation and payroll taxes. Market Making: Adjusted net trading income totaled $637.1 million in the first quarter, climbing 66.8% year over year. The metric surpassed the Zacks Consensus Estimate of $446 million. The unit’s revenues increased 32.5% year over year to $915.7 million, beating both the Zacks Consensus Estimate and our estimate of $815.6 million. Execution Services: The unit recorded adjusted net trading income of $149.5 million in the quarter under review, representin...

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Virtu Financial (VIRT) is back in focus after analysts raised their consensus earnings estimates for both the upcoming quarter and the full year, pushing the stock into a top-ranked category. See our latest analysis for Virtu Financial. That shift in sentiment is landing on a stock that has already had a strong run, with a 6.93% 1 month share price return and a 66.14% year to date share price return, alongside a 3 year total shareholder return of 236.52%. If you are looking for other ideas while reviewing Virtu Financial, this is a good moment to scan for 19 top founder-led companies With the stock already outpacing many peers and analysts turning more optimistic on earnings, the key question for you now is whether Virtu Financial remains undervalued or whether the market is already pricing in stronger growth. The most followed narrative pegs Virtu Financial's fair value at $10.71 per share, far below the last close of $54.16, setting up a sharply different view from recent price action. Read the complete narrative. Want to see why a fair value near $10 is used for a stock trading above $50? The narrative leans heavily on margin assumptions, future profitability and a rich earnings multiple. Curious which profit profile supports that stance and how the discount rate shapes the outcome? The full narrative lays out the exact revenue path, expense trends and valuation inputs behind that call. Result: Fair Value of $10.71 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this bearish fair value view could be challenged if Virtu's profitability profile or discount rate assumptions prove too conservative relative to the actual business performance. Find out about the key risks to this Virtu Financial narrative. Set against that $10.71 fair value, Virtu Financial’s current P/E of 9.1x looks low compared with the US Capital Markets industry at 40.1x, the peer average at 18.2x, and even the stock’s own fair ratio of 14.7x. That discount points to valuation risk if earnings fade, but it also raises the question of whether the multiple could move closer to the fair ratio instead. To see how this pricing gap stacks up in practice and what the number...

Investors might want to bet on Virtu Financial (VIRT), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this high-speed trading company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Virtu Financial, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $1.49 per share for the current quarter represents a change of -2.6% from the number reported a year ago. Over the last 30 days, the Zacks Consensus Estimate for Virtu Financial has increased 24.72% because four estimates have moved higher compared to no negative revisions. The company is expected to earn $6.32 per share for the full year, which represents a change of +10.3% from the prior-year number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Virtu Financial. Over the past month, five estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 16.95%. Thanks to promising estimate revisions, Virtu Financial currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Wh...

PRA Group, Inc. PRAA delivered first-quarter 2026 earnings per share of 73 cents, topping the Zacks Consensus Estimate of 51 cents by 43.1%. The bottom line increased more than eightfold year over year. Total revenues were $315 million, beating the consensus mark of $298 million by 5.4% and rising 16.7% year over year. Results reflected stronger cash generation across geographies, aided by continued momentum in the U.S. legal collections channel and solid performance in Europe. Strong portfolio income also contributed to the upside, partly offset by an elevated expense level. PRAA’s net income of $31.8 million increased nearly fourfold year over year. Other revenues came in at $1.1 million, which soared 44.5% year over year. PRA Group, Inc. price-consensus-eps-surprise-chart | PRA Group, Inc. Quote PRAA’s cash collections increased to $551.9 million, up 11% from the prior-year quarter, supported by higher collections in both the United States and Europe. Management highlighted that investments in the U.S. legal collections channel continued to generate meaningful collections growth. The metric came higher than the Zacks Consensus Estimate of $537 million. The cash efficiency ratio was 61.8%. By region, U.S. Core cash collections totaled $268.4 million, while Europe Core collections were $192 million. The company also generated $50.8 million of collections from other markets, reflecting its diversified footprint. PRA Group’s portfolio income increased 11.9% year over year to $269.6 million, which management attributed to strong recent purchases at improved returns. Changes in expected recoveries contributed meaningfully as well, totaling $43.9 million in the quarter. Total portfolio revenues rose 16.6% to $313.5 million compared with $268.9 million a year ago. PRAA’s operating expenses increased $16.2 million year over year to $211.3 million. The largest driver was a $15.1 million rise in legal collection costs, which management tied to investments intended to support future cash collections growth. Offsetting some pressure, compensation and benefits declined $2.6 million, reflecting actions to right-size agent headcount, lean more on external collections resources and reduce corporate roles. Communication expense also decreased $1.5 million as the company used more cost-efficient collection strategies. PRA Group purchased $220.9 million of nonperforming loan...

Coinbase Global, Inc. COIN reported first-quarter 2026 adjusted operating loss of 17 cents per share, in contrast to the Zacks Consensus Estimate of earnings of 36 cents. COIN had reported an operating income of $1.94 per share in the prior-year quarter. The quarterly results reflected lower consumer transaction revenues, a decrease in blockchain rewards and other revenues, lower trading volume, and escalating operating expenses. Coinbase Global, Inc. price-consensus-eps-surprise-chart | Coinbase Global, Inc. Quote Total trading volume decreased 50% year over year to $202 million in the reported quarter. The Zacks Consensus Estimate was pegged at $224 million. Total revenues of $1.4 billion missed the Zacks Consensus Estimate by 5.6%. The top line decreased 30.5% year over year due to lower Transaction revenues, Subscription and services revenues, and other revenues. Total transaction revenues decreased 40% year over year to $755.8 million in the quarter. The downside was due to a decrease in consumer transaction revenues, offset by an increase in institutional transaction revenues. The Zacks Consensus Estimate was pegged at $827 million. Total subscription and services revenues decreased 14% year over year to $583.5 million in the reported quarter. The downside was due to a decrease in blockchain rewards, offset by increases in stablecoin revenues. The Zacks Consensus Estimate was pegged at $620 million. Adjusted EBITDA was $303 million in the reported quarter, which fell 67% from the year-ago quarter. Total operating expenses increased 8% to $1.4 billion in the quarter due to higher technology and development, sales and marketing, losses on crypto assets held for operations, net, and other operating expenses. Coinbase exited the first quarter with cash and cash equivalents of $10.2 billion as of March 31, 2026, down 9.6% from 2025-end. As of March 31, 2026, long-term debt remains flat from 2025-end to $5.9 billion. Shareholders' equity was $13.5 billion at first-quarter 2026-end, down 8.9% from 2025-end. Net cash used in operating activities was $182,7 million in the first quarter of 2026, which decreased 78.6% year over year. Coinbase expects subscription and services revenues to be in the range of $565-$645 million. COIN expects technology and development and general and administrative expenses to be in the range of $820-$870 million. Coinbase expects sa...

Virtu Financial, Inc. VIRT reported first-quarter adjusted earnings per share (EPS) of $2.24, which beat the Zacks Consensus Estimate by 34.9%. The bottom line increased 72.3% year over year. Adjusted Net Trading Income rose 58.2% year over year to $786.5 million, surpassing the consensus estimate by 37.5%. The strong quarterly results can be attributed to the improved commissions and technology services revenues. Strong performance in both the Market Making and Execution Services segments, driven by increased trading activity, also contributed to the upside. However, an increased expense level partially offset the positives. Virtu Financial, Inc. price-consensus-eps-surprise-chart | Virtu Financial, Inc. Quote Revenues from commissions, net and technology services rose 23.3% year over year to $186.6 million. The metric beat the Zacks Consensus Estimate and our model estimate of $163.2 million. Interest and dividend income of $127.5 million increased 16.9% year over year but missed both the Zacks Consensus Estimate and our estimate of $128.6 million. Adjusted EBITDA increased 62.7% year over year to $520.6 million. Adjusted EBITDA margin improved year over year to 66.2% from 64.4% a year ago. Total operating expenses rose 11.7% year over year to $685.8 million, but were lower than our estimate of $771.7 million. The increase was due to higher costs related to communication and data processing, as well as employee compensation and payroll taxes. Market Making: Adjusted net trading income totaled $637.1 million in the first quarter, climbing 66.8% year over year. The metric surpassed the Zacks Consensus Estimate of $446 million. The unit’s revenues increased 32.5% year over year to $915.7 million, beating both the Zacks Consensus Estimate and our estimate of $815.6 million. Execution Services: The unit recorded adjusted net trading income of $149.5 million in the quarter under review, representing an increase of 29.8% year over year. The metric surpassed the Zacks Consensus Estimate of $126 million and our estimate of $125.1 million. The unit’s total revenues rose 32.7% year over year to $187.1 million, beating both the consensus estimate and our estimate of $156.6 million. Virtu Financial ended the first quarter with cash and cash equivalents of $973.2 million, down 8.3% from the 2025 year-end level. Total assets increased to $25.1 billion from $20.2 billion...

Virtu reported one of its strongest quarters with Adjusted Net Trading Income of $12.9 million per day (totaling $787 million in Q1), $521 million in Adjusted EBITDA at a 66% margin, and adjusted EPS of $2.24, marking an all-time quarterly high. The firm added more than $500 million in new trading capital over the past seven months, reported invested capital of $2.6 billion and an average return on capital of 107%, while maintaining a quarterly dividend of $0.24 per share. Management is aggressively hiring (headcount approaching 1,100) and continuing technology and infrastructure investments as execution services—now generating $2.5 million per day and its eighth consecutive quarter of growth—gains traction; the company is also exploring AI to boost developer productivity but cautions against added technical debt. Interested in Virtu Financial, Inc.? Here are five stocks we like better. MarketBeat Week in Review – 04/27 - 05/01 Virtu Financial (NYSE:VIRT) reported what executives called one of the strongest quarters in the company’s history, citing favorable market conditions alongside continued investments in trading capital, technology, and hiring. Chief Financial Officer Cindy Lee said Virtu generated Adjusted Net Trading Income (NT) of $12.9 million per day, totaling $787 million for the first quarter of 2026, which she described as the company’s “highest quarter total ever.” → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook The Volatility Harvester That Thrives in Market Chaos By segment, Lee said market making reported NT of $10.4 million per day in the quarter, while execution services reached $2.5 million per day. She added that execution services produced $2.1 million per day on a trailing twelve-month basis and logged its eighth consecutive quarter of increased total NT, attributing the progress to investments in technology, client acquisition efforts, and an expanded product offering. Lee said Virtu generated $521 million in Adjusted EBITDA with a 66% margin and reported adjusted EPS of $2.24. Over the past 12 months, the company recorded $1.6 billion in Adjusted EBITDA, also at a 66% margin, and $6.66 in adjusted EPS. She said these figures represented highs since early 2021 and an all-time quarterly high for adjusted EPS. → These 3 AI Stocks Just Crushed Earnings: Still Time To Buy? Chief Executive Officer Aaron Simons said Vir...

Achieved the highest quarterly adjusted net trading income in company history, attributed to a combination of favorable market volatility and the execution of a multi-year growth plan. Performance was significantly bolstered by the addition of over $500 million in new trading capital over the last seven months, which management identified as a critical driver of P&L outperformance. Maintained a return on total capital in excess of 100%, demonstrating the firm's ability to scale its capital base while preserving high efficiency. Growth is characterized as broad-based across geographies and asset classes, moving beyond a historical reliance on retail investor participation to include strong proprietary market making. The Execution Services segment reached its eighth consecutive quarter of increased total net trading income, reflecting successful technology integration and client acquisition strategies. Management emphasized that the current success is not due to a single 'new trade' but rather the cumulative impact of investments in infrastructure, talent, and capital deployment. Management targets a medium-term goal of $10 million in adjusted net trading income per day through the cycle, which factors in a trading capital base of $4 billion alongside investments in technology and personnel. The firm is aggressively hiring for roles such as quantitative traders, researchers, and software engineers, and hopes to see its headcount reach close to 1,100 this year, though it does not have an exact target number. Future profitability assumes a continued 'growth pivot' where increased capital and personnel investments allow the firm to outperform in any market environment compared to its historical lower-capital state. Strategic focus remains on organic growth and internalizing more flow to lower execution costs, rather than pivoting toward capital-intensive hedge fund structures. AI integration is expected to serve as a productivity enhancer for software developers over the next one to two years, though management remains cautious about maintaining code quality. Compensation ratios were adjusted upward to reflect the strategic priority of attracting and retaining top-tier talent in a competitive market for trading and technology professionals. Management explicitly stated that the record performance did not stem from a change in the firm's risk profile or taking on...

Virtu Financial (VIRT) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.3 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +35.21%. A quarter ago, it was expected that this high-speed trading company would post earnings of $1.28 per share when it actually produced earnings of $1.85, delivering a surprise of +44.53%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Virtu Financial, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $786.53 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 37.50%. This compares to year-ago revenues of $497.14 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Virtu Financial shares have added about 46.8% since the beginning of the year versus the S&P 500's gain of 4.3%. While Virtu Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Virtu Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see th...

Virtu Financial (VIRT) reported Q1 adjusted earnings Wednesday of $2.24 per share, up from $1.30 a y

NEW YORK (AP) — NEW YORK (AP) — Virtu Financial Inc. (VIRT) on Wednesday reported first-quarter earnings of $182.3 million. The New York-based company said it had profit of $1.99 per share. Earnings, adjusted for one-time gains and costs, came to $2.24 per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share. The high-speed trading company posted revenue of $1.1 billion in the period. Its adjusted revenue was $786.5 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $572 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIRT at https://www.zacks.com/ap/VIRT