Picture of Invesco logo

IVZ — Invesco News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedLarge CapNeutral

Invesco Q4 adjusted EPS beats estimates, inflows rise

Overview

Investment management firm's Q4 adjusted EPS beat analyst expectations

Company reported $19.1 bln net long-term inflows in Q4, driven by ETFs and China JV

Company repurchased $500 mln of preferred stock, strengthening balance sheet

Result Drivers

NET INFLOWS - Invesco reported $19.1 bln net long-term inflows in Q4, driven by ETFs and China JV

INTANGIBLE IMPAIRMENT - A $1.8 bln non-cash intangible impairment negatively impacted Q4 results

STRATEGIC INITIATIVES - Conversion of Invesco QQQ Trust to open-end fund ETF and asset divestitures influenced results

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Operating Revenue$1.69 bln
Q4 Adjusted EPSBeat$0.62$0.58 (10 Analysts)
Q4 EPS-$2.61
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "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 $30.00, about 4.8% above its January 26 closing price of $28.63 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nPn7FqxQVa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

Recent news on Invesco

See all news