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

Envestnet

07/05/2022 11:27

* Envestnet Inc  ENV.N  reported quarterly adjusted earnings
of 47
cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
45 cents per share.
    * Revenue rose 16.8% to $321.36 million from a year ago; 
analysts
expected $323.62 million. 
    * Envestnet Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.2%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Envestnet Inc shares had risen by 0.9% this quarter and
lost 5.3% so far this year.
    * The company reported a quarterly loss of $14.7 million.
    * Wall Street's median 12-month price target for Envestnet
Inc is
$90.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 7 at 10:27 a.m.  ​All
figures in US dollars unless otherwise stated