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

SEI Investments

24/04/2024 22:01

* SEI Investments Co  SEIC.OQ  reported quarterly adjusted
earnings of 99 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 79 cents.  The mean expectation of six analysts
for the quarter was for earnings of 98 cents per share. Wall
Street expected results to range from 94 cents to $1.01 per
share.
    * Revenue rose 9.1% to $511.58 million from a year ago;
analysts
expected $510.41 million. 
    * SEI Investments Co's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $131.4
million.
    * SEI Investments Co shares had fallen by 6.8% this
quarter and
gained 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.9%
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 $72.00 
This summary was machine generated from LSEG data April 24 at
09:00 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
 Mar. 31 2024      0.98           0.99           Beat
 Dec. 31 2023      0.92           0.91           Missed
 Sep. 30 2023      0.87           0.87           Met
 Jun. 30 2023      0.86           0.89           Beat