Federated Hermes Inc reports results for the quarter ended December 31 - Earnings Summary

Federated Hermes

30/01/2025 22:43

* Federated Hermes Inc  FHI.N  reported quarterly adjusted
earnings of $1.04​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 96 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 97 cents per
share. Wall Street expected results to range from 92 cents
to $1.04 per share.
    * Revenue rose 8.5% to $424.68 million from a year ago;
analysts
expected $420.00 million. 
    * Federated Hermes Inc's reported EPS for the quarter was
$1.04​.
    * The company reported quarterly net income of $84.72
million.
    * Federated Hermes Inc shares had fallen by 4.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Federated Hermes
Inc is $41.00 
This summary was machine generated from LSEG data January 30 at
10:43 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
 Dec. 31 2024      0.97           1.04           Beat
 Sep. 30 2024      0.92           1.06           Beat
 Jun. 30 2024      0.89           0.20           Missed
 Mar. 31 2024      0.88           0.89           Beat