Envestnet Inc reports results for the quarter ended in December - Earnings Summary

Envestnet

23/02/2023 23:34

* Envestnet Inc  ENV.N  reported quarterly adjusted earnings
of 45
cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of 44 cents per share.
    * Revenue fell 8.4% to $292.87 million from a year ago;
analysts
expected $296.15 million. 
    * Envestnet Inc's reported EPS for the quarter was a loss
of 66
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Envestnet Inc shares had risen by 1.6% this quarter.
    * The company reported a quarterly loss of $36.51 million.
    * Wall Street's median 12-month price target for Envestnet
Inc is
$72.50 
    * 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." 

This summary was machine generated from Refinitiv data February
23 at 11:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.44           0.45           Beat
 Sep. 30 2022      0.42           0.45           Beat
 Jun. 30 2022      0.45           0.49           Beat
 Mar. 31 2022      0.45           0.47           Beat