For the quarter ended September 2023, Invesco (IVZ - Free Report) reported revenue of $1.1 billion, down 1.1% over the same period last year. EPS came in at $0.35, compared to $0.34 in the year-ago quarter.
The reported revenue represents a surprise of +0.19% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -2.78%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Invesco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Assets Under Management - Fixed Income: $312.6 billion compared to the $325.94 billion average estimate based on three analysts.
- Assets Under Management - Equity: $726.7 billion versus $742.28 billion estimated by three analysts on average.
- Assets Under Management - Alternatives: $177 billion compared to the $187.3 billion average estimate based on three analysts.
- Assets Under Management - Money market: $209.8 billion versus $219.53 billion estimated by three analysts on average.
- Average AUM - Total: $1,528.7 billion versus the three-analyst average estimate of $1,538.81 billion.
- Assets Under Management - Total: $1,487.3 billion versus the three-analyst average estimate of $1,540.62 billion.
- Average AUM - Money Market: $214.3 billion versus $214.44 billion estimated by two analysts on average.
- Average AUM - Alternatives: $150.6 billion versus the two-analyst average estimate of $193.4 billion.
- Operating revenues- Other revenues: $45.20 million versus $55.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Operating revenues- Service and distribution fees: $353.50 million compared to the $351.44 million average estimate based on four analysts. The reported number represents a change of +3.9% year over year.
- Operating revenues- Performance fees: $2 million versus the four-analyst average estimate of $11.04 million. The reported number represents a year-over-year change of -33.3%.
- Operating revenues- Investment management fees: $1.04 billion versus the three-analyst average estimate of $1.10 billion. The reported number represents a year-over-year change of -1.5%.
View all Key Company Metrics for Invesco here>>>Shares of Invesco have returned -12.8% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended September 2023, Invesco (IVZ - Free Report) reported revenue of $1.1 billion, down 1.1% over the same period last year. EPS came in at $0.35, compared to $0.34 in the year-ago quarter.
The reported revenue represents a surprise of +0.19% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -2.78%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Invesco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Assets Under Management - Fixed Income: $312.6 billion compared to the $325.94 billion average estimate based on three analysts.
- Assets Under Management - Equity: $726.7 billion versus $742.28 billion estimated by three analysts on average.
- Assets Under Management - Alternatives: $177 billion compared to the $187.3 billion average estimate based on three analysts.
- Assets Under Management - Money market: $209.8 billion versus $219.53 billion estimated by three analysts on average.
- Average AUM - Total: $1,528.7 billion versus the three-analyst average estimate of $1,538.81 billion.
- Assets Under Management - Total: $1,487.3 billion versus the three-analyst average estimate of $1,540.62 billion.
- Average AUM - Money Market: $214.3 billion versus $214.44 billion estimated by two analysts on average.
- Average AUM - Alternatives: $150.6 billion versus the two-analyst average estimate of $193.4 billion.
- Operating revenues- Other revenues: $45.20 million versus $55.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Operating revenues- Service and distribution fees: $353.50 million compared to the $351.44 million average estimate based on four analysts. The reported number represents a change of +3.9% year over year.
- Operating revenues- Performance fees: $2 million versus the four-analyst average estimate of $11.04 million. The reported number represents a year-over-year change of -33.3%.
- Operating revenues- Investment management fees: $1.04 billion versus the three-analyst average estimate of $1.10 billion. The reported number represents a year-over-year change of -1.5%.
View all Key Company Metrics for Invesco here>>>Shares of Invesco have returned -12.8% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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