Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com - DA Davidson has reiterated its Buy rating and $98.00 price target on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) following the company’s second-quarter earnings report.
The financial technology firm exceeded DA Davidson’s forecasts, with total revenue coming in 1% above expectations and adjusted EBITDA exceeding projections by 3%.
SS&C’s adjusted EBITDA rose 7% year-over-year to $601 million, surpassing DA Davidson’s forecast by $16 million and beating consensus estimates by 2%. Related margins improved by 50 basis points year-over-year to 39.1%.
The company’s adjusted operating income increased 8% year-over-year to $585 million, exceeding DA Davidson’s forecast by $22 million or 4%. Non-GAAP earnings per share grew 15% year-over-year to $1.45, surpassing DA Davidson’s forecast by $0.07 and beating consensus estimates by 4%.
Following these results, SS&C Technologies management has modestly increased the midpoints of their previous 2025 guidance ranges, according to DA Davidson.
In other recent news, SS&C Technologies Holdings Inc. reported its second-quarter 2025 earnings, which surpassed analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.45, exceeding the forecasted $1.39. Additionally, SS&C Technologies reported a record adjusted revenue of $1.54 billion, surpassing the anticipated $1.51 billion. Following these strong earnings results, DA Davidson raised its price target for SS&C Technologies to $102 from the previous $98, while maintaining a Buy rating. The firm noted that SS&C’s total revenue was 1% above expectations and adjusted EBITDA was 3% higher than anticipated. These developments highlight SS&C Technologies’ ability to outperform forecasts and maintain investor confidence.
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