T Rowe Price's Q1 adjusted EPS beats estimates

T. Rowe Price

30/04/2026 12:27

Overview

US asset manager's Q1 revenue met analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company managed $1.71 trln in client assets as of March 31, 2026

Outlook

Company did not provide specific guidance or outlook commentary in the press release

Result Drivers

RETIREMENT FOCUS - Co said about two-thirds of its $1.71 trln in client assets are retirement-related, highlighting ongoing emphasis on retirement leadership

Company press release: ID:nPn74S3GVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Meet
$1.86 bln
$1.86 bln (7 Analysts)
Q1 Adjusted EPS
Beat
$2.52
$2.35 (11 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 9 "hold" and 5 "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 T Rowe Price Group Inc is $94.00, about 6.4% below its April 29 closing price of $100.47

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)