SEI Investments Co reports results for the quarter ended December 31 - Earnings Summary

SEI Investments

29/01/2025 22:01

* SEI Investments Co  SEIC.OQ  reported quarterly adjusted
earnings of $1.19​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 91 cents.  The mean expectation of six analysts
for the quarter was for earnings of $1.20 per share. Wall Street
expected results to range from $1.16  to $1.25 per share.
    * Revenue rose 14.9% to $557.19 million from a year ago;
analysts
expected $554.61 million. 
    * SEI Investments Co's reported EPS for the quarter was
$1.19​.
    * The company reported quarterly net income of $155.77
million.
    * SEI Investments Co shares had risen by 2.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for SEI Investments
Co is $86.50 
This summary was machine generated from LSEG data January 29 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.20           1.19           Missed
 Sep. 30 2024      1.07           1.19           Beat
 Jun. 30 2024      1.05           1.05           Met
 Mar. 31 2024      0.98           0.99           Beat