SEI Investments Co reports results for the quarter ended in September 30 - Earnings Summary

SEI Investments

24/10/2024 03:59

* SEI Investments Co  SEIC.OQ  reported quarterly adjusted
earnings of $1.19​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 87 cents.  The mean expectation of six analysts
for the quarter was for earnings of $1.07 per share. Wall Street
expected results to range from $1.03  to $1.09 per share.
    * Revenue rose 12.7% to $537.40 million from a year ago;
analysts
expected $533.42 million. 
    * SEI Investments Co's reported EPS for the quarter was
$1.19​.
    * The company reported quarterly net income of $154.9
million.
    * SEI Investments Co shares had risen by 2.8% this
quarter and
gained 11.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
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 $75.00 
This summary was machine generated from LSEG data October 24 at
02:59 a.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
 Sep. 30 2024      1.07           1.19           Beat
 Jun. 30 2024      1.05           1.05           Met
 Mar. 31 2024      0.98           0.99           Beat
 Dec. 31 2023      0.92           0.91           Missed