Envestnet Inc expected to post earnings of 46 cents a share - Earnings Preview
02/08/2023 03:01
* Envestnet Inc ENV.N ENV is expected to show a fall in
quarterly revenue when it reports results on August 3.
* The Berwyn Pennsylvania-based company is expected to
report a
1.4% decrease in revenue to $314.545 million from $318.85
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on May
4 2023, for the period ended June 30, was for revenue of
$303.500 million.
* Refinitiv's mean analyst estimate for Envestnet Inc is
for
earnings of 46 cents per share. The company's EPS guidance on
May 4 2023, for the period ended June 30, was between $0.45 and
$0.46
* 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 was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Envestnet
Inc is
$74, above its last closing price of $61.48.
The company's guidance on May 4 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD303.5 million and USD57 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
Mar. 31 2023 0.44 0.44 0.46 Beat 3.4
Dec. 31 2023 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. 0.45 0.45 0.47 Beat 4.4
31 2022
Dec. 31 2021 0.50 0.50 0.50 Met 0.6
Sep. 30 2021 0.58 0.58 0.61 Beat 5.3
Jun. 30 2021 0.55 0.54 0.67 Beat 23.5
This summary was machine generated August 2 at 02:01 GMT. All
figures in US dollars unless otherwise stated