Overview

* Broadridge Q1 revenue rises 12%, beating analyst expectations

* Adjusted EPS for Q1 increases 51%, surpassing analyst estimates

* Company raises FY26 recurring revenue growth outlook to higher end of guidance

Outlook

* Broadridge raises FY26 recurring revenue growth forecast to higher end of 5-7% range

* Company reaffirms FY26 adjusted EPS growth of 8-12%

* Broadridge maintains FY26 closed sales guidance at $290-$330 mln

Result Drivers

* RECURRING REVENUE GROWTH - Driven by organic growth and acquisitions in ICS and GTO segments

* EVENT-DRIVEN REVENUE - Increase due to higher volume of mutual fund proxy communications

* STRATEGIC ACQUISITIONS - Two acquisitions made to strengthen governance business

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $1.58 $1.53

Revenue bln bln (7

Analysts

)

Q1 Beat $1.51 $1.23 (8

Adjusted Analysts

EPS )

Q1 EPS $1.40

Q1 Net $165.40

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the professional information services peer group is "buy"

* Wall Street's median 12-month price target for Broadridge Financial Solutions Inc ( BR ) is $280.00, about 21% above its November 3 closing price of $221.18

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)