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

Envestnet

04/05/2023 22:45

* Envestnet Inc  ENV.N  reported quarterly adjusted earnings
of 46
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 44 cents per share.
    * Revenue fell 7% to $298.71 million from a year ago;
analysts
expected $301.45 million. 
    * Envestnet Inc's reported EPS for the quarter was a loss
of 76
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Envestnet Inc shares had risen by 4.3% this quarter and
lost 0.8% so far this year.
    * The company reported a quarterly loss of $41.23 million.
    * Wall Street's median 12-month price target for Envestnet
Inc is
$73.00 
    * 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 LSEG Refinitiv data May
4 at 09:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.44           0.46           Beat
 Dec. 31 2022      0.44           0.45           Beat
 Sep. 30 2022      0.42           0.45           Beat
 Jun. 30 2022      0.45           0.49           Beat