Federated Hermes Inc reports results for the quarter ended in June - Earnings Summary

Federated Hermes

27/07/2023 23:25

* Federated Hermes Inc  FHI.N  reported quarterly adjusted
earnings of 81 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 82 cents per share.
    * Revenue rose 18.4% to $433.23 million from a year ago;
analysts
expected $395.30 million. 
    * Federated Hermes Inc's reported EPS for the quarter was 81
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Federated Hermes Inc shares had risen by 1.0% this
quarter and
lost 0.3% so far this year.
    * The company reported quarterly net income of $72.18
million.
    * Wall Street's median 12-month price target for Federated
Hermes
Inc is $39.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.82           0.81           Missed
 Mar. 31 2023      0.73           0.78           Beat
 Dec. 31 2022      0.77           0.90           Beat
 Sep. 30 2022      0.71           0.78           Beat