We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Robust Growth in AUM to Support Invesco This Earnings Season
Read MoreHide Full Article
Invesco (IVZ - Free Report) is slated to report third-quarter 2024 results on Oct. 22, before market open. The company’s earnings and revenues are expected to have witnessed a rise on a year-over-year basis.
Stay up-to-date with all quarterly releases: See ZacksEarnings Calendar.
In the last reported quarter, IVZ’s adjusted earnings beat the Zacks Consensus Estimate. Results primarily benefited from an increase in assets under management balance (AUM) balance and lower adjusted expenses. However, marginally lower adjusted revenues hurt results to some extent.
Invesco does not have an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two and lagged in two of the trailing four quarters, with the average surprise being 1.93%.
The Zacks Consensus Estimate for Invesco’s earnings of 44 cents has been revised 2.3% north over the past seven days. The figure indicates a rise of 25.7% from the year-ago quarter.
The consensus estimate for sales is pegged at $1.11 billion, suggesting almost a 1% rise.
Invesco’s Key Q3 Estimates & Factors to Note
Per the monthly metrics data published by Invesco, its preliminary total AUM as of Sept. 30, 2024, was $1.8 trillion, up 4.7% from the June 30, 2024 level. Driven by the improvement in the AUM balance on the back of solid inflows and upbeat markets, the company’s investment management fee is expected to have risen. The Zacks Consensus Estimate for investment management fee is pegged at $1.08 billion, indicating an increase of 3.4% year over year.
The consensus estimate for performance fees of $6.3 million indicates a significant jump from the prior-year quarter.
The consensus estimate for service and distribution fees of $372.8 million implies a 5.4% growth. The Zacks Consensus Estimate for other revenues is pegged at $50 million, suggesting a 10.6% rise.
On the cost front, while Invesco’s cost-saving initiatives are likely to have boosted its efficiency, the steady rise in compensation and marketing costs is expected to have had an adverse impact on overall expenses in the to-be-reported quarter.
What Our Model Predicts for IVZ
According to our proven model, the chances of Invesco beating the Zacks Consensus Estimate for earnings this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Invesco is -0.55%
Zacks Rank: The company currently carries a Zacks Rank #2 (Buy).
Invesco’s Peers Worth a Look
Here are a couple of asset managers that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:
The Earnings ESP for SEI Investments (SEIC - Free Report) is +0.94% and it carries a Zacks Rank #2 at present. The company is slated to report third-quarter 2024 results on Oct. 23.
Over the past seven days, the Zacks Consensus Estimate for SEIC’s quarterly earnings has remained unchanged at $1.07
Image: Bigstock
Robust Growth in AUM to Support Invesco This Earnings Season
Invesco (IVZ - Free Report) is slated to report third-quarter 2024 results on Oct. 22, before market open. The company’s earnings and revenues are expected to have witnessed a rise on a year-over-year basis.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
In the last reported quarter, IVZ’s adjusted earnings beat the Zacks Consensus Estimate. Results primarily benefited from an increase in assets under management balance (AUM) balance and lower adjusted expenses. However, marginally lower adjusted revenues hurt results to some extent.
Invesco does not have an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two and lagged in two of the trailing four quarters, with the average surprise being 1.93%.
Invesco Ltd. Price and EPS Surprise
Invesco Ltd. price-eps-surprise | Invesco Ltd. Quote
Invesco’s Q3 Earnings and Sales Estimates
The Zacks Consensus Estimate for Invesco’s earnings of 44 cents has been revised 2.3% north over the past seven days. The figure indicates a rise of 25.7% from the year-ago quarter.
The consensus estimate for sales is pegged at $1.11 billion, suggesting almost a 1% rise.
Invesco’s Key Q3 Estimates & Factors to Note
Per the monthly metrics data published by Invesco, its preliminary total AUM as of Sept. 30, 2024, was $1.8 trillion, up 4.7% from the June 30, 2024 level. Driven by the improvement in the AUM balance on the back of solid inflows and upbeat markets, the company’s investment management fee is expected to have risen. The Zacks Consensus Estimate for investment management fee is pegged at $1.08 billion, indicating an increase of 3.4% year over year.
The consensus estimate for performance fees of $6.3 million indicates a significant jump from the prior-year quarter.
The consensus estimate for service and distribution fees of $372.8 million implies a 5.4% growth. The Zacks Consensus Estimate for other revenues is pegged at $50 million, suggesting a 10.6% rise.
On the cost front, while Invesco’s cost-saving initiatives are likely to have boosted its efficiency, the steady rise in compensation and marketing costs is expected to have had an adverse impact on overall expenses in the to-be-reported quarter.
What Our Model Predicts for IVZ
According to our proven model, the chances of Invesco beating the Zacks Consensus Estimate for earnings this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Invesco is -0.55%
Zacks Rank: The company currently carries a Zacks Rank #2 (Buy).
Invesco’s Peers Worth a Look
Here are a couple of asset managers that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:
The Earnings ESP for SEI Investments (SEIC - Free Report) is +0.94% and it carries a Zacks Rank #2 at present. The company is slated to report third-quarter 2024 results on Oct. 23.
Over the past seven days, the Zacks Consensus Estimate for SEIC’s quarterly earnings has remained unchanged at $1.07
Ameriprise (AMP - Free Report) is also scheduled to release third-quarter 2024 earnings on Oct. 23. The company, which carries a Zacks Rank #2 at present, has an Earnings ESP of +0.68%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMP’s quarterly earnings estimates have remained unchanged at $8.87 over the past week.