* Invesco Ltd reported quarterly adjusted earnings of 43 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 31 cents to 43 cents per share.
* Revenue fell 0.4% to $1.09 billion from a year ago; analysts expected $1.09 billion.
* Invesco Ltd's reported EPS for the quarter was 29 cents.
* The company reported quarterly net income of $132.2 million.
* Invesco Ltd shares had risen by 10.2% this quarter and lost 7.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 4.4% in the last three months.
* In the last 30 days, seven analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the investment management & fund operators peer group is also "hold"
Wall Street's median 12-month price target for Invesco Ltd is $16.00 This summary was machine generated from LSEG data July 23 at 01:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.40 0.43 Beat
Mar. 31 2024 0.40 0.33 Missed
Dec. 31 2023 0.36 0.47 Beat
Sep. 30 2023 0.36 0.35 Missed
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