Envestnet Inc reports results for the quarter ended September 30 - Earnings Summary

Envestnet

08/11/2024 21:04

* Envestnet Inc  ENV.N  reported quarterly adjusted earnings
of 70
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 56 cents.  The mean expectation of six analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 66 cents to 72 cents per share.
    * Revenue rose 9.2% to $345.95 million from a year ago;
analysts
expected $348.97 million. 
    * Envestnet Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $1.66 million.
    * Envestnet Inc shares had risen by 0.6% this quarter and
gained 27.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Envestnet Inc is
63.15 
This summary was machine generated from LSEG data November 8 at
09:04 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.69           0.70           Beat
 Jun. 30 2024      0.62           0.55           Missed
 Mar. 31 2024      0.55           0.60           Beat
 Dec. 31 2023      0.53           0.65           Beat