$BR

Broadridge (BR) expects $25M in AI-driven productivity savings by FY2027. Analysts predict EPS of $10.54 for FY2027, up 9.8% YoY. The stock has a 'Moderate Buy' rating with a $202.50 avg. price target, implying 11.5% upside. Recent upgrades include a $225 target from RBC Capital.

Data & business process services stocks reported mixed Q2 earnings, with revenues 1% above estimates but next quarter's guidance 1.3% below. Verisk (VRSK) reported $806.3M revenue, up 4.4% YoY, missing full-year EPS guidance. EXL (EXLS) outperformed with 15.6% revenue growth. CoStar (CSGP) missed guidance. SS&C (SSNC) and Broadridge (BR) beat estimates. Sector faces regulatory and cybersecurity risks but has seen 6.5% average stock price increase since earnings.

Big Rock Brewery Inc. (TSX: BR) reported Q2 2026 EPS loss of $(0.03), missing the $3.75 estimate, and sales of $13.910 million versus a $2.170 billion estimate. Net loss was $0.6 million. Adjusted EBITDA fell 28% to $0.7 million. The company reclassified $3.6 million of long-term debt as current after an ATB covenant breach, then secured $2.0 million second lien financing from VN Capital.

Big Rock Brewery Inc. (TSX: BR) reported Q2 2026 results: net revenue $13.9 million, down 1% year over year, with sales volumes 79,045 hl, down 5%. Adjusted EBITDA fell to $0.7 million from $1.0 million. For six months, net revenue was $24.0 million and adjusted EBITDA $0.4 million. The company is not in compliance with EBITDA targets and reclassified $3.6 million debt as current, then closed a $2.0 million second lien financing with VN Capital.

Broadridge (BR) reported FY2026 recurring revenue of $4.878B (+8%), adjusted EPS of $9.60 (+12%), and closed sales of $305M. Q4 closed sales were $158M, with backlog $470M. FY2027 guidance calls for recurring revenue growth of 6% to 8% and adjusted EPS growth of 8% to 12%. The call also discussed tokenization, SEC e-delivery readiness, and $600M buybacks.

Broadridge Financial Solutions (NYSE: BR) said its Distributed Ledger Repo (DLR) processed an average of $365 billion in daily repo transactions in July, totaling $8.0 trillion. The firm cited a 28% year-over-year increase and said DLR settles repo on distributed ledger tech within existing trading and post-trade systems, supporting tokenized collateral movement.

Broadridge Financial Solutions said its unified governance platform will support shareholder communications and proxy voting for eligible holders of Payward Services’ xStocks tokenised equities. Eligible holders can authenticate to ProxyVote.com via Web3, review proxy materials for underlying securities, and submit voting preferences digitally, according to the firms.

Broadridge Financial Solutions reported fiscal 2026 constant-currency revenue growth of 8%, driven by double-digit equity position growth and record Q4 closed sales of $158 million. It guided fiscal 2027 for 6% to 8% recurring revenue growth and 8% to 12% adjusted EPS growth, with a $470 million revenue backlog. The board approved a 12% dividend increase and authorized a $1.5 billion buyback.

US stock indices rose to record highs as investors weighed strong Q2 tech earnings expectations. Bloomberg Intelligence projects Q2 earnings up about 23% for S&P 500, with 86% of 322 reporters beating estimates. Markets priced a 59% chance of a 25 bp Fed hike and 85% for an ECB hike. SOX and AI chip stocks led; oil fell and energy stocks lagged.

The S&P 500 hit a new record high as Q2 earnings expectations rose. Bloomberg Intelligence projects Q2 earnings up about 23%, near Q1’s 30% surge. AI spending is expected to drive nearly 60% of S&P 500 EPS growth. So far, 86% of 322 companies beat estimates, per Bloomberg. Rate-hike odds are also discussed.