Envestnet Inc expected to post earnings of 44 cents a share - Earnings Preview
03/05/2023 03:03
* Envestnet Inc ENV.N ENV is expected to show a fall in
quarterly revenue when it reports results on May 4.
* The Berwyn Pennsylvania-based company is expected to
report a
6.2% decrease in revenue to $301.45 million from $321.36 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on February 23
2023, for the period ended March 31, was for revenue between
$299.00 million and $302.00 million.
* Refinitiv's mean analyst estimate for Envestnet Inc is
for
earnings of 44 cents per share. The company's EPS guidance on
February 23 2023, for the period ended March 31, was about
USD0.45
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."
* The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.
* Wall Street's median 12-month price target for Envestnet
Inc is
$73, above its last closing price of $61.51.
The company's guidance on February 23 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD299 million and USD55 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Dec. 31 2022 0.44 0.44 0.45 Beat 3.4
Sep. 30 2022 0.42 0.42 0.45 Beat 8.3
Jun. 30 2022 0.45 0.45 0.49 Beat 8.4
Mar. 31 2022 0.45 0.45 0.47 Beat 4.4
Dec. 0.50 0.50 0.50 Met 0.6
31 2021
Sep. 30 2021 0.58 0.58 0.61 Beat 5.3
Jun. 30 2021 0.55 0.54 0.67 Beat 23.5
Mar. 31 2021 0.61 0.61 0.64 Beat 4.7
This summary was machine generated May 3 at 02:03 GMT. All
figures in US dollars unless otherwise stated