Federated Hermes Inc expected to post earnings of 89 cents a share - Earnings Preview

Federated Hermes

23/07/2024 21:22

* Federated Hermes Inc  FHI.N   FHI  is expected to show a
fall in
quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Pittsburgh Pennsylvania-based  company is expected to
report
a 7.6% decrease in revenue to $400.361 million from $433.23
million a year ago, according to the mean estimate from 5
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 89 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "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 $35.00​, below​ its last closing price of $35.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.89        0.88       0.89      Beat    1
 Jan. 1 2024   0.84        0.83       0.96      Beat    15.6
 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.        0.73        0.73       0.78      Beat    6.4
 31 2023                                                
 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. 30 2022  0.70        0.71       0.64      Missed  -9.9
 This summary was machine generated July 23 at 20:22 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)