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

Federated Hermes

26/10/2023 22:54

* Federated Hermes Inc  FHI.N  reported quarterly adjusted
earnings of 86 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 83 cents per share.
    * Revenue rose 5.6% to $402.66 million from a year ago;
analysts
expected $400.43 million. 
    * Federated Hermes Inc's reported EPS for the quarter was 86
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Federated Hermes Inc shares had fallen by 9.8% this
quarter and
lost 15.9% so far this year.
    * The company reported quarterly net income of $75.03
million.
    * Wall Street's median 12-month price target for Federated
Hermes
Inc is $37.50 
    * 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
October 26 at 09:54 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.83           0.86           Beat
 Jun. 30 2023      0.82           0.81           Missed
 Mar. 31 2023      0.73           0.78           Beat
 Dec. 31 2022      0.77           0.90           Beat