Federated Hermes Inc expected to post earnings of 83  cents a share - Earnings Preview

Federated Hermes

24/10/2023 21:57

* Federated Hermes Inc  FHI.N   FHI  is expected to show a
rise in
quarterly revenue when it reports  results on October 26. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 5.1% increase in revenue to $400.429 million from $381.14
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Federated Hermes
Inc is
for earnings of 83 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Federated
Hermes
Inc is $37.5​, above​ its last closing price of $31.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.82        0.82       0.81      Missed  -1.4
 Mar. 31 2023  0.73        0.73       0.78      Beat    6.4
 Dec. 31 2022  0.78        0.77       0.90      Beat    17.1​
 Sep. 30 2022  0.70        0.71       0.78      Beat    10.5
 ​​Jun.        0.70        0.71       0.64      Missed  -9.9
 30 2022                                                
 Mar. 31 2022  0.67        0.67       0.61      Missed  -9.2​
 Dec. 31 2021  0.71        0.71       0.71      Met     0.2
 Sep. 30 2021  0.71        0.71       0.73      Beat    2.2
 This summary was machine generated October 24 at 20:57 GMT.  All
figures in US dollars  unless otherwise stated