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Invesco (IVZ) Beats Q4 Earnings, Revenues and Costs Down
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Have you been eager to see how Invesco Ltd. (IVZ - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this GA-based asset manager’s earnings release this morning:
An Earnings Beat
Invesco came out with adjusted earnings of 59 cents per share, which surpassed the Zacks Consensus Estimate of 57 cents.
Lower expenses was mainly responsible for the earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Invesco depicted pessimism prior to the earnings release. The Zacks Consensus Estimate has moved 5% down over the last 30 days.
Also, Invesco doesn’t have a decent earnings surprise history. Before posting the earnings beat in Q4, the company delivered negative surprises in three of the prior four quarters, as evident from the chart below:
Invesco posted GAAP revenues of $1.19 billion, which missed the Zacks Consensus Estimate of $1.21 billion. Also, it compared unfavorably with the year-ago number of $1.24 billion.
Key Statistics:
Adjusted operating margin was 38.9%
Assets under management of $812.9 billion
Long-term net outflows were $2.7 billion
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Invesco. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Invesco earnings report!
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Invesco (IVZ) Beats Q4 Earnings, Revenues and Costs Down
Have you been eager to see how Invesco Ltd. (IVZ - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this GA-based asset manager’s earnings release this morning:
An Earnings Beat
Invesco came out with adjusted earnings of 59 cents per share, which surpassed the Zacks Consensus Estimate of 57 cents.
Lower expenses was mainly responsible for the earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Invesco depicted pessimism prior to the earnings release. The Zacks Consensus Estimate has moved 5% down over the last 30 days.
Also, Invesco doesn’t have a decent earnings surprise history. Before posting the earnings beat in Q4, the company delivered negative surprises in three of the prior four quarters, as evident from the chart below:
Invesco PLC Price and EPS Surprise
Invesco PLC Price and EPS Surprise | Invesco PLC Quote
Revenue Came In Lower Than Expected
Invesco posted GAAP revenues of $1.19 billion, which missed the Zacks Consensus Estimate of $1.21 billion. Also, it compared unfavorably with the year-ago number of $1.24 billion.
Key Statistics:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Invesco. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Invesco earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>