Focus Financial Partners Inc reports results for the quarter ended in March - Earnings Summary

Focus Financial Partners

04/05/2023 15:25

* Focus Financial Partners Inc  FOCS.OQ  reported quarterly
adjusted earnings of 89 cents​​ per share for the quarter ended
in March. The mean expectation of seven analysts for the quarter
was for earnings of 97 cents per share.
    * Revenue rose 3.9% to $557.51 million from a year ago;
analysts
expected $567.54 million. 
    * Focus Financial Partners Inc's reported EPS for the
quarter was
a loss of 22 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Focus Financial Partners Inc shares had risen by 0.2% this
quarter and gained 39.4% so far this year.
    * The company reported a quarterly loss of $632 thousand.
    * Wall Street's median 12-month price target for Focus
Financial
Partners Inc is $53.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 02:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.97           0.89           Missed
 Dec. 31 2022      0.91           0.99           Beat
 Sep. 30 2022      1.01           1.06           Beat
 Jun. 30 2022      1.10           1.18           Beat