NYSE$BR
Broadridge Financial Solutions · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Broadridge reported strong first quarter results, including 8% recurring revenue growth and record first quarter earnings, driven by long-term trends and strong cost actions.
Broadridge's first quarter results showed strong growth, with an 8% increase in recurring revenue and record earnings. The company's cost actions contributed to significant margin expansion. Updated guidance reflects confidence in full-year results, with increased investment in people, platforms, and technology.
- Total revenues increased 7% to $1,017 million.
- Recurring fee revenues increased 8% to $671 million, driven by net new business.
- Adjusted EPS increased 44% to a record $0.98.
- Updated full-year guidance includes recurring revenue growth of 3-6% and Adjusted EPS growth of 6-10%.
Headline financials
Revenue & EPS history
Broadridge · Revenue · Quarterly
$1.02B
Revenue by segment
Broadridge · $1.43B total across 2 segments · Q1 2024
- Investor Comms Solutions$1.03B+11.7%71.9%
- Global Tech & Ops$402M+10.9%28.1%
Forward guidance
Broadridge updated its outlook to reflect increased confidence in its full year results. The updated guidance calls for Recurring revenue growth of 3-6% and Adjusted EPS growth of 6-10%.
Tailwinds
- Recurring revenue growth of 3-6%
- Total revenue growth of 1-4%
- Adjusted Operating income margin increase of ~100 bps
- Adjusted earnings per share growth of 6-10%
- Closed sales of $190 - 235M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.4%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.8%
Avg return
30 days after
49%
33 / 67 earnings
Positive
+11.4%
Q4 2018
Best reaction
-10.5%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -4.1% | -5.4% | -4.5% | |
| Q2 2026 | -6.0% | -8.3% | -3.8% | |
| Q1 2026 | +0.7% | +0.2% | +4.4% | |
| Q3 2025 | -5.9% | -3.6% | +0.2% | |
| Q2 2025 | -0.4% | +0.4% | +0.9% | |
| Q1 2025 | +4.7% | +7.4% | +12.5% | |
| Q4 2024 | +1.6% | +2.9% | +1.1% | |
| Q3 2024 | -4.1% | -1.8% | -1.6% | |
| Q2 2024 | -1.2% | -2.6% | -0.2% | |
| Q1 2024 | +3.9% | +3.7% | +14.6% | |
| Q4 2023 | +7.5% | +9.5% | +12.6% | |
| Q3 2023 | +7.6% | +6.0% | +3.3% | |
| Q2 2023 | +0.1% | -1.8% | -6.0% | |
| Q1 2023 | -10.5% | -9.4% | -0.4% | |
| Q4 2022 | +5.0% | +4.7% | +1.6% | |
| Q3 2022 | +4.3% | -1.0% | +3.1% | |
| Q2 2022 | -3.1% | -5.9% | -8.1% | |
| Q1 2022 | -4.2% | -2.1% | -4.6% | |
| Q4 2021 | +1.3% | +2.7% | -1.3% | |
| Q3 2021 | +3.2% | +2.6% | -0.9% | |
| Q2 2021 | -1.0% | -1.3% | -4.7% | |
| Q1 2021 | +1.9% | +4.9% | +6.7% | |
| Q4 2020 | +1.8% | +1.7% | -2.0% | |
| Q3 2020 | +2.2% | -2.2% | +8.6% | |
| Q2 2020 | -10.1% | -6.8% | -19.4% | |
| Q1 2020 | -2.4% | -3.9% | -0.3% | |
| Q4 2019 | +0.5% | -3.2% | +1.8% | |
| Q3 2019 | -1.9% | +1.0% | +8.7% | |
| Q2 2019 | -5.8% | -4.0% | -4.4% | |
| Q1 2019 | -6.8% | -8.0% | -13.6% | |
| Q4 2018 | +11.4% | +11.3% | +17.9% | |
| Q3 2018 | +5.0% | +8.4% | +9.5% | |
| Q2 2018 | +0.6% | +4.2% | +18.2% | |
| Q1 2018 | +0.5% | +0.2% | +2.5% | |
| Q4 2017 | -0.5% | +1.9% | +5.9% | |
| Q3 2017 | +3.6% | +5.4% | +8.6% | |
| Q2 2017 | -1.9% | -0.9% | +0.0% | |
| Q1 2017 | -7.6% | -7.8% | +0.1% | |
| Q4 2016 | +1.5% | -0.0% | +3.7% | |
| Q3 2016 | +1.1% | — | — | |
| Q2 2016 | -2.8% | — | — | |
| Q1 2016 | -3.0% | — | — | |
| Q4 2015 | +5.6% | — | — | |
| Q3 2015 | -5.3% | — | — | |
| Q2 2015 | +4.0% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | +4.6% | — | — | |
| Q1 2014 | +4.6% | — | — | |
| Q4 2013 | +7.8% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | -5.3% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q3 2012 | -3.6% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q3 2010 | -3.6% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2010 | -6.9% | — | — | |
| Q2 2011 | -6.9% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q1 2010 | -2.8% | — | — | |
| Q1 2011 | -2.8% | — | — |
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