Overview
Invesco Q3 adjusted EPS of $0.61 beats analyst expectations
Ending AUM grew to $2.1 trillion, up 6.2% from prior quarter
Company repurchased 1.2 mln shares for $25 mln in Q3
Outlook
Invesco did not provide specific guidance for future quarters or full year
Result Drivers
NET LONG-TERM INFLOWS - Invesco reported $28.9 bln net long-term inflows driven by ETFs, Index, China JV & India, and Private Markets
OPERATING MARGIN IMPROVEMENT - Co achieved a 240 basis point increase in operating margin due to higher AUM and managed expenses
INTELLIFLO DIVESTITURE IMPACT - $35.9 mln non-cash impairment charge related to intelliflo divestiture negatively impacted EPS by $0.08
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
$1.64 bln
Q3 Adjusted EPS
Beat
$0.61
$0.45 (12 Analysts)
Q3 EPS
$0.66
Q3 ASSETS UNDER MANAGEMENT
$2.12 trln
Q3 DIVIDEND
$0.21
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Invesco Ltd is $25.00, about 6.2% above its October 27 closing price of $23.46
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPnbVk245a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)