VIRT should blow out earnings!
GS recently reported earnings. Revenue from trading stocks and bonds surged 93%, surpassing what analysts had expected by about $2.5 B.
This news bodes very well for HFT firm VIRT which reports on Aug 7. According to Zacks, Virtu Financial is expected to post EPS of 1.57, or a year-over-year change of +881.3%. Rev is expected to be $647.24 million, up 170.9% from the year-ago quarter.
Currently, there are only 6 analyst that cover VIRT with avg price target of ~$27, and a low of $24, and a high of $31. VIRT currently trading at the low range, right above the 50sma, a rising trendline, and tight consolidation area that has formed between $23-$24.
This news bodes very well for HFT firm VIRT which reports on Aug 7. According to Zacks, Virtu Financial is expected to post EPS of 1.57, or a year-over-year change of +881.3%. Rev is expected to be $647.24 million, up 170.9% from the year-ago quarter.
Currently, there are only 6 analyst that cover VIRT with avg price target of ~$27, and a low of $24, and a high of $31. VIRT currently trading at the low range, right above the 50sma, a rising trendline, and tight consolidation area that has formed between $23-$24.
Note
small loser
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.