Envestnet Inc expected to post earnings of 55 cents a share - Earnings Preview
04/05/2024 02:50
* Envestnet Inc ENV.N ENV is expected to show a rise in
quarterly revenue when it reports results on May 7 for the
period ending March 31 2024
* The Berwyn Pennsylvania-based company is expected to
report a
8.8% increase in revenue to $324.878 million from $298.71
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue between
$320.00 million and $326.00 million.
* LSEG's mean analyst estimate for Envestnet Inc is for
earnings
of 55 cents per share. The company's EPS guidance on February 22
2024, for the period ended March 31, was between $0.52 and
$0.57
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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
$68.11, above its last closing price of $62.96.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jan. 1 0001 0.53 0.53 0.65 Beat 22
Sep. 30 0001 0.53 0.54 0.56 Beat 4.6
Jun. 30 2023 0.46 0.46 0.46 Met 0.1
Dec. 31 2022 0.44 0.44 0.46 Beat 3.4
Dec. 0.44 0.44 0.45 Beat 3.4
31 2022
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
This summary was machine generated May 4 at 01:50 GMT. 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)