* Envestnet Inc reported quarterly adjusted earnings of 70 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of six analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 66 cents to 72 cents per share.
* Revenue rose 9.2% to $345.95 million from a year ago; analysts expected $348.97 million.
* Envestnet Inc's reported EPS for the quarter was a loss of 3 cents.
* The company reported a quarterly loss of $1.66 million.
* Envestnet Inc shares had risen by 0.6% this quarter and gained 27.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 2.3% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is also "hold"
Wall Street's median 12-month price target for Envestnet Inc is 63.15 This summary was machine generated from LSEG data November 8 at 09:04 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
Sep. 30 2024 0.69 0.70 Beat
Jun. 30 2024 0.62 0.55 Missed
Mar. 31 2024 0.55 0.60 Beat
Dec. 31 2023 0.53 0.65 Beat
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