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

Federated Hermes

23/01/2024 21:36

* Federated Hermes Inc  FHI.N   FHI  is expected to show a
rise in
quarterly revenue when it reports  results on January 25 for the
period ending December 31 2023
    * The Pittsburgh Pennsylvania-based  company is expected to
report
a 6.2% increase in revenue to $396.976 million from $373.9
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Sales/Revenue majority basis is
on Total Revenue)
    * ​LSEG'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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"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 $36.00​, above​ its last closing price of $35.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.83        0.83       0.86      Beat    3.5
 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.        0.70        0.71       0.78      Beat    10.5
 30 2022                                                
 Jun. 30 2022  0.70        0.71       0.64      Missed  -9.9​
 Mar. 31 2022  0.67        0.67       0.61      Missed  -9.2
 Dec. 31 2021  0.71        0.71       0.71      Met     0.2
 This summary was machine generated January 23 at 21:36 GMT.  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)