Asset manager Federated Hermes' Q3 revenue beats estimates

Federated Hermes

30/10/2025 20:38

Overview

Federated Hermes Q3 revenue beats analyst expectations, driven by higher money market assets

EPS for Q3 2025 rises to $1.34 from $1.06 in the prior year

Company reports record assets under management of $871.2 bln

Outlook

Federated Hermes did not provide specific financial guidance for future quarters or fiscal year

Result Drivers

EQUITY FUND SALES - Record net sales of equity funds driven by interest in MDT equity and alternative quantitative investment offerings, per CEO J. Christopher Donahue

MONEY MARKET GROWTH - Money market assets reached a record $652.8 bln, driven by investor interest in capital preservation and liquidity amid declining rates

FIXED-INCOME ASSETS - Fixed-income assets reached a record $101.8 bln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$469.44 mln
$440.10 mln (4 Analysts)
Q3 EPS
$1.34


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Federated Hermes Inc is $51.00, about 6.5% above its October 29 closing price of $47.68

Press Release: ID:nPn2mJ3Y0a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)