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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
$1.69 bln
Q4 Adjusted EPS
Beat
$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
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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.)