T Rowe Price Group Inc reports results for the quarter ended June 30 - Earnings Summary

T. Rowe Price

01/08/2025 13:26

T Rowe Price Group Inc TROW.OQ reported quarterly adjusted earnings of $2.24​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.26.  The mean expectation of twelve analysts for the quarter was for earnings of $2.13 per share. Wall Street expected results to range from $1.95  to $2.60 per share.

Revenue fell 0.6% to $1.72 billion from a year ago; analysts expected $1.73 billion.

T Rowe Price Group Inc's reported EPS for the quarter was $2.24​.

The company reported quarterly net income of $492.8 million.

T Rowe Price Group Inc shares had risen by 5.1% this quarter and lost 10.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 5.1% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

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 $103.00, about 1.5% above its last closing price of $101.45

This summary was machine generated from LSEG data August 1 at 12:26 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
Jun. 30 2025
2.13
2.24
Beat
Mar. 31 2025
2.13
2.23
Beat
Dec. 31 2024
2.20
2.12
Missed
Sep. 30 2024
2.33
2.57
Beat