Broadridge Financial Solutions Poised for Growth in Q4 Earnings
August 10, 2023
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Broadridge Financial Solutions ($NYSE:BR) is a technology-driven, global market leader in investor communications, operational services, and data and analytics. It is expected that Broadridge’s fourth-quarter fiscal 2023 revenues will be higher than the previous year as the company’s segments have been performing well. The Q4 Earnings Report will be closely watched by investors as it will provide an insight into the company’s financial performance for the period. The fourth quarter of fiscal 2023 is expected to be a period of growth for Broadridge, particularly within its Investor Communication Solutions segment. This segment provides a comprehensive suite of services which includes communication and technology solutions to the institutional investor community. Its Data & Analytics segment is expected to show strong growth as well with customers utilizing its analytics and insights to develop insights on customer behavior. Other segments such as Global Technology & Operations and Corporate Issuer Solutions are also expected to show robust performance. The report is likely to reflect additional growth in Broadridge’s revenues due to its powerful partnerships and networks across the industry. The company has already struck deals with several major financial institutions which will likely result in increased customer count and higher revenue.
Additionally, Broadridge’s efficient cost-management strategies are expected to have a positive impact on its bottom line. The Q4 Earnings Report will confirm these expectations and provide further insight into the company’s performance.
Earnings
BROADRIDGE FINANCIAL SOLUTIONS recently released its earnings report for FY2023 Q4 as of June 30 2021. The report showed a total revenue of 1531.6M USD and a net income of 260.4M USD. Compared to the same quarter last year, there was a 11.1% decrease in total revenue and a 5.0% increase in net income. The total revenue has grown from 1531.6M USD to 1839.0M USD, indicating that the company is well-positioned for continued growth in the future.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BR. More…
| Total Revenues | Net Income | Net Margin |
| 6.06k | 630.6 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BR. More…
| Operations | Investing | Financing |
| 823.3 | -80.4 | -714.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.23k | 5.99k | 18.97 |
Key Ratios Snapshot
Some of the financial key ratios for BR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 14.4% | 15.5% |
| FCF Margin | ROE | ROA |
| 12.3% | 27.7% | 7.1% |
Market Price
Monday marked a positive day for BROADRIDGE FINANCIAL SOLUTIONS, with the stock price opening at $166.0 and closing at $166.2, representing a 0.3% increase from its previous closing price of 165.7. Analysts see this as an encouraging sign for the company’s performance in the fourth quarter of the year, as they expect to see continued growth for BROADRIDGE FINANCIAL SOLUTIONS in the months ahead. This is in spite of the current market conditions, which have presented numerous challenges to many businesses in the past year. Investors are hopeful that BROADRIDGE FINANCIAL SOLUTIONS will be able to overcome these challenges and generate solid returns in the near future. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of BROADRIDGE FINANCIAL SOLUTIONS’s wellbeing. According to our Star Chart, BROADRIDGE FINANCIAL SOLUTIONS has a high health score of 8/10 taking into account its cashflows and debt. This indicates that the company is in a strong financial position and is capable of riding out a crisis without fear of bankruptcy. Its asset score was weak. We have classified BROADRIDGE FINANCIAL SOLUTIONS as a ‘gorilla’, a type of company which has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given this information, investors who value stability, growth, and profitability may be particularly interested in BROADRIDGE FINANCIAL SOLUTIONS. More…
Peers
Broadridge Financial Solutions Inc. is a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers, and corporations. Headquartered in New York, United States, Broadridge employs over 10,000 people in 18 countries.
Broadridge’s main competitors are RTS Technology Holdings Bhd, Fact Inc, and Information Services Group Inc.
– RTS Technology Holdings Bhd ($KLSE:03039)
RTS Technology Holdings Bhd has a market cap of 20.53M as of 2022, a Return on Equity of 15.84%. The company is an investment holding company. Through its subsidiaries, the Company is engaged in the provision of management services, as well as trading of electrical and electronic products.
– Fact Inc ($OTCPK:FCTI)
Fact Inc is a publicly traded company with a market capitalization of 552.17k as of 2022. The company has a return on equity of 98.84%. Fact Inc is engaged in the business of providing financial data and analytics solutions to clients in a variety of industries. The company’s products and services are used by clients to make informed decisions about investments, risk management, and other financial matters.
– Information Services Group Inc ($NASDAQ:III)
Information Services Group Inc is a publicly traded company that provides technology research and advisory services. The company has a market capitalization of 232.55 million as of 2022 and a return on equity of 19.28%. ISG was founded in 2006 and is headquartered in Stamford, Connecticut.
Summary
Broadridge Financial Solutions is expected to report strong fourth quarter fiscal 2023 earnings due to improving performance across its segments. Analysts believe the company will benefit from its leading market position and investments in technology, which should drive higher revenues and margins. Investors should watch for potential catalysts including expanding its product portfolio, acquisitions, and increased customer adoption of its services.
Additionally, any plans for capital deployment could be a key factor for shareholders. Overall, Broadridge Financial Solutions appears to be well-positioned to capitalize on the current market environment.
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