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Invesco (IVZ) Beats on Q2 Earnings Estimate, Revenue Misses
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Have you been eager to see how Invesco Ltd. (IVZ - Free Report) performed in Q2 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 64 cents per share, which surpassed the Zacks Consensus Estimate of 61 cents.
Increase in revenues mainly drove the earnings improvement.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Invesco depicted optimism prior to the earnings release. The Zacks Consensus Estimate has moved 1.7% upward over the last 30 days.
Also, Invesco have a decent earnings surprise history. Before posting the earnings beat in Q2, the company delivered positive surprises in three of the prior four quarters, as evident from the chart below:
Invesco posted GAAP revenues of $1.25 billion, which missed the Zacks Consensus Estimate of $1.26 billion. However, it compared favorably with the year-ago number of $1.19 billion.
Key Statistics:
Adjusted operating margin was 39.3%
Assets under management of $858.3 billion
Long-term net outflows were $0.6 billion
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) 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 on Q2 Earnings Estimate, Revenue Misses
Have you been eager to see how Invesco Ltd. (IVZ - Free Report) performed in Q2 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 64 cents per share, which surpassed the Zacks Consensus Estimate of 61 cents.
Increase in revenues mainly drove the earnings improvement.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Invesco depicted optimism prior to the earnings release. The Zacks Consensus Estimate has moved 1.7% upward over the last 30 days.
Also, Invesco have a decent earnings surprise history. Before posting the earnings beat in Q2, the company delivered positive 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 $1.25 billion, which missed the Zacks Consensus Estimate of $1.26 billion. However, it compared favorably with the year-ago number of $1.19 billion.
Key Statistics:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) 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!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>