SEI Investments (SEIC - Free Report) reported $484.86 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.2%. EPS of $0.91 for the same period compares to $0.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $481.39 million, representing a surprise of +0.72%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.91.
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 SEI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Assets under management - Institutional Investors: $78.94 billion versus $78.25 billion estimated by six analysts on average.
- Assets under management - Investments in New Business: $2.38 billion compared to the $2.29 billion average estimate based on six analysts.
- Assets under management - Investment Advisors: $76.45 billion versus the six-analyst average estimate of $76.56 billion.
- Assets under management - Private Banks: $28.42 billion versus the six-analyst average estimate of $28.22 billion.
- Client assets under administration: 942,831 versus the five-analyst average estimate of 902,761.
- Revenue- Asset management, administration and distribution fees: $383.57 million compared to the $382.96 million average estimate based on five analysts. The reported number represents a change of +5% year over year.
- Revenue- Information processing and software servicing fees: $101.29 million versus $96.61 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.9% change.
- Revenue- Private Banks: $125.15 million versus $121.65 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
- Revenue- Investments in New Business: $5.03 million compared to the $5.06 million average estimate based on five analysts. The reported number represents a change of +6.3% year over year.
- Revenue- Institutional Investors: $69.79 million compared to the $72.34 million average estimate based on five analysts. The reported number represents a change of -6.7% year over year.
- Revenue- Investment Managers: $175.17 million versus the five-analyst average estimate of $170.98 million. The reported number represents a year-over-year change of +12.2%.
- Revenue- Investment Advisors: $109.72 million compared to the $110.67 million average estimate based on five analysts. The reported number represents a change of +3.7% year over year.
View all Key Company Metrics for SEI here>>>Shares of SEI have returned +2.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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SEI Investments (SEIC - Free Report) reported $484.86 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.2%. EPS of $0.91 for the same period compares to $0.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $481.39 million, representing a surprise of +0.72%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.91.
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 SEI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Assets under management - Institutional Investors: $78.94 billion versus $78.25 billion estimated by six analysts on average.
- Assets under management - Investments in New Business: $2.38 billion compared to the $2.29 billion average estimate based on six analysts.
- Assets under management - Investment Advisors: $76.45 billion versus the six-analyst average estimate of $76.56 billion.
- Assets under management - Private Banks: $28.42 billion versus the six-analyst average estimate of $28.22 billion.
- Client assets under administration: 942,831 versus the five-analyst average estimate of 902,761.
- Revenue- Asset management, administration and distribution fees: $383.57 million compared to the $382.96 million average estimate based on five analysts. The reported number represents a change of +5% year over year.
- Revenue- Information processing and software servicing fees: $101.29 million versus $96.61 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.9% change.
- Revenue- Private Banks: $125.15 million versus $121.65 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
- Revenue- Investments in New Business: $5.03 million compared to the $5.06 million average estimate based on five analysts. The reported number represents a change of +6.3% year over year.
- Revenue- Institutional Investors: $69.79 million compared to the $72.34 million average estimate based on five analysts. The reported number represents a change of -6.7% year over year.
- Revenue- Investment Managers: $175.17 million versus the five-analyst average estimate of $170.98 million. The reported number represents a year-over-year change of +12.2%.
- Revenue- Investment Advisors: $109.72 million compared to the $110.67 million average estimate based on five analysts. The reported number represents a change of +3.7% year over year.
View all Key Company Metrics for SEI here>>>Shares of SEI have returned +2.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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