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

Envestnet

08/11/2022 23:31

* Envestnet Inc  ENV.N  reported quarterly adjusted earnings
of 45
cents​​ per share for the quarter ended in September. The mean
expectation of nine analysts for the quarter was for earnings of
42 cents per share.
    * Revenue rose 1.2% to $306.70 million from a year ago;
analysts
expected $302.63 million. 
    * Envestnet Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Envestnet Inc shares had risen by 4.4% this quarter and
lost 41.6% so far this year.
    * The company reported a quarterly loss of $7.29 million.
    * Wall Street's median 12-month price target for Envestnet
Inc is
$64.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
8 at 11:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.42           0.45           Beat
 Jun. 30 2022      0.45           0.49           Beat
 Mar. 31 2022      0.45           0.47           Beat
 Dec. 31 2021      0.50           0.50           Met