What Lies In Store For Broadridge (BR) In Q3 Earnings?
Zacks Investment Research | May 01, 2016 11:04PM ET
Broadridge Financial Solutions Inc. (NYSE:BR) is set to report third-quarter fiscal 2016 results on May 5. Last quarter, the company posted a positive earnings surprise of 15.2%. Let’s see how things are shaping up for this announcement.
Factors to Consider
Broadridge reported better-than-expected second-quarter results. Also, year-over-year comparisons on both the counts were favorable driven by higher recurring revenues, contribution from Net New Business and acquisition-related synergies.
We remain optimistic about Broadridge’s strategic acquisitions, product launches, share repurchase program and dividend paying initiatives. We also believe that the company’s close association with Accenture (NYSE:ACN) will be beneficial over the long term. However, competition from DST Systems Inc. and pricing pressure remain headwinds.
Earnings Whispers
Our proven model does not conclusively show that Broadridge is likely to beat estimates this quarter. This is because a stock needs to have both a positive Zacks Investment Research
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