Broadridge Financial Solutions Inc
BR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$533.00 | Lxmzcf | Mqtpldnfj |
Broadridge Earnings: Recurring Revenue a Bit Soft
Broadridge reported a satisfactory fiscal third quarter. Recurring fee revenue growth decelerated to 4% during the period from 7% in the fiscal second quarter. It does, however, look like the firm saw some revenue move from the third quarter to the fourth quarter of fiscal 2024, which had a negative impact on recurring fee revenue by about 1-2 percentage points in the third quarter.