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

SEI Investments

31/01/2024 22:02

* SEI Investments Co  SEIC.OQ  reported quarterly adjusted
earnings of 91 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 83 cents.  The mean expectation of
six analysts for the quarter was for earnings of 92 cents per
share. Wall Street expected results to range from 87 cents to 96
cents per share.
    * Revenue rose 6.2% to $484.86 million from a year ago;
analysts
expected $481.89 million. 
    * SEI Investments Co's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $120.73
million.
    * SEI Investments Co shares had risen by 1.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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 $68.50 
This summary was machine generated from LSEG data January 31 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 2023      0.92           0.91           Missed
 Sep. 30 2023      0.87           0.87           Met
 Jun. 30 2023      0.86           0.89           Beat
 Mar. 31 2023      0.82           0.79           Missed