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Invesco (IVZ) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Invesco (IVZ - Free Report) reported revenue of $1.05 billion, down 2.1% over the same period last year. EPS came in at $0.33, compared to $0.38 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of -2.41%. The company delivered an EPS surprise of -17.50%, with the consensus EPS estimate being $0.40.
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:
Average AUM - Total: $1,613 billion versus $1,594.48 billion estimated by three analysts on average.
Assets Under Management - Alternatives: $179 billion versus $175.52 billion estimated by three analysts on average.
Assets Under Management - Money market: $193 billion compared to the $200.95 billion average estimate based on three analysts.
Assets Under Management - Balanced: $62 billion versus the three-analyst average estimate of $62.98 billion.
Assets Under Management - Equity: $902 billion versus the three-analyst average estimate of $842.16 billion.
Assets Under Management - Fixed Income: $327 billion compared to the $329.08 billion average estimate based on three analysts.
Assets Under Management - Total: $1,662.7 billion versus $1,610.99 billion estimated by three analysts on average.
Changes in Assets under management - Net flows - Total: $16.5 billion versus the two-analyst average estimate of $2.29 billion.
Operating revenues- Other revenues: $48.80 million versus the four-analyst average estimate of $46.64 million. The reported number represents a year-over-year change of -3.4%.
Operating revenues- Service and distribution fees: $377 million versus the four-analyst average estimate of $356.84 million. The reported number represents a year-over-year change of +12.8%.
Operating revenues- Performance fees: $0.80 million versus $6.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -85.7% change.
Operating revenues- Investment management fees: $1.05 billion versus $1.04 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Shares of Invesco have returned -2.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Invesco (IVZ) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Invesco (IVZ - Free Report) reported revenue of $1.05 billion, down 2.1% over the same period last year. EPS came in at $0.33, compared to $0.38 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of -2.41%. The company delivered an EPS surprise of -17.50%, with the consensus EPS estimate being $0.40.
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:
- Average AUM - Total: $1,613 billion versus $1,594.48 billion estimated by three analysts on average.
- Assets Under Management - Alternatives: $179 billion versus $175.52 billion estimated by three analysts on average.
- Assets Under Management - Money market: $193 billion compared to the $200.95 billion average estimate based on three analysts.
- Assets Under Management - Balanced: $62 billion versus the three-analyst average estimate of $62.98 billion.
- Assets Under Management - Equity: $902 billion versus the three-analyst average estimate of $842.16 billion.
- Assets Under Management - Fixed Income: $327 billion compared to the $329.08 billion average estimate based on three analysts.
- Assets Under Management - Total: $1,662.7 billion versus $1,610.99 billion estimated by three analysts on average.
- Changes in Assets under management - Net flows - Total: $16.5 billion versus the two-analyst average estimate of $2.29 billion.
- Operating revenues- Other revenues: $48.80 million versus the four-analyst average estimate of $46.64 million. The reported number represents a year-over-year change of -3.4%.
- Operating revenues- Service and distribution fees: $377 million versus the four-analyst average estimate of $356.84 million. The reported number represents a year-over-year change of +12.8%.
- Operating revenues- Performance fees: $0.80 million versus $6.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -85.7% change.
- Operating revenues- Investment management fees: $1.05 billion versus $1.04 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
View all Key Company Metrics for Invesco here>>>Shares of Invesco have returned -2.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.