Envestnet (ENV - Free Report) reported $324.95 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.8%. EPS of $0.60 for the same period compares to $0.46 a year ago.
The reported revenue represents a surprise of +0.03% over the Zacks Consensus Estimate of $324.85 million. With the consensus EPS estimate being $0.54, the EPS surprise was +11.11%.
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 Envestnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Flows - AUM: $12.53 billion versus $7.91 billion estimated by two analysts on average.
- Net Flows - AUA: $20.19 billion versus the two-analyst average estimate of $5.46 billion.
- Platform Assets - Assets under Administration (AUA): $471.4 billion versus the two-analyst average estimate of $452.04 billion.
- Platform Assets - Total AUM/A: $923.87 billion versus the two-analyst average estimate of $891.59 billion.
- Platform Assets - Assets under Management (AUM): $452.46 billion versus $439.55 billion estimated by two analysts on average.
- Net Flows - AUM/A: $32.72 billion compared to the $13.42 billion average estimate based on two analysts.
- Revenue- Recurring revenue- Subscription-based: $117.46 million compared to the $118.67 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Revenue- Professional services and other revenue: $4.87 million versus $3.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
- Revenue- Recurring revenue- Asset-based: $202.62 million versus the three-analyst average estimate of $202.34 million. The reported number represents a year-over-year change of +14.5%.
- Revenue- Total recurring revenue: $320.08 million versus the three-analyst average estimate of $321.01 million. The reported number represents a year-over-year change of +8.9%.
View all Key Company Metrics for Envestnet here>>>Shares of Envestnet have returned +8.6% over the past month versus the Zacks S&P 500 composite's -0.4% 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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Envestnet (ENV - Free Report) reported $324.95 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.8%. EPS of $0.60 for the same period compares to $0.46 a year ago.
The reported revenue represents a surprise of +0.03% over the Zacks Consensus Estimate of $324.85 million. With the consensus EPS estimate being $0.54, the EPS surprise was +11.11%.
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 Envestnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Flows - AUM: $12.53 billion versus $7.91 billion estimated by two analysts on average.
- Net Flows - AUA: $20.19 billion versus the two-analyst average estimate of $5.46 billion.
- Platform Assets - Assets under Administration (AUA): $471.4 billion versus the two-analyst average estimate of $452.04 billion.
- Platform Assets - Total AUM/A: $923.87 billion versus the two-analyst average estimate of $891.59 billion.
- Platform Assets - Assets under Management (AUM): $452.46 billion versus $439.55 billion estimated by two analysts on average.
- Net Flows - AUM/A: $32.72 billion compared to the $13.42 billion average estimate based on two analysts.
- Revenue- Recurring revenue- Subscription-based: $117.46 million compared to the $118.67 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Revenue- Professional services and other revenue: $4.87 million versus $3.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
- Revenue- Recurring revenue- Asset-based: $202.62 million versus the three-analyst average estimate of $202.34 million. The reported number represents a year-over-year change of +14.5%.
- Revenue- Total recurring revenue: $320.08 million versus the three-analyst average estimate of $321.01 million. The reported number represents a year-over-year change of +8.9%.
View all Key Company Metrics for Envestnet here>>>Shares of Envestnet have returned +8.6% over the past month versus the Zacks S&P 500 composite's -0.4% 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.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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