Analysts on Wall Street project that Invesco (IVZ) will announce quarterly earnings of $0.39 per share in its forthcoming report, representing an increase of 18.2% year over year. Revenues are projected to reach $1.1 billion, increasing 4.9% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 11.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Invesco metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Operating revenues- Other revenues' should arrive at $52.75 million. The estimate indicates a change of +8.1% from the prior-year quarter.
Analysts expect 'Operating revenues- Service and distribution fees' to come in at $381.99 million. The estimate points to a change of +1.3% from the year-ago quarter.
Analysts predict that the 'Average AUM - Total' will reach $1,880.80 billion. The estimate is in contrast to the year-ago figure of $1,613 billion.
The collective assessment of analysts points to an estimated 'Assets Under Management - Total' of $1,844.69 billion. The estimate compares to the year-ago value of $1,662.7 billion.
View all Key Company Metrics for Invesco here>>>
Shares of Invesco have experienced a change of -16.5% in the past month compared to the -5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), IVZ is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Invesco Ltd. (IVZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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