We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Eaton Vance (EV) Beats on Q1 Earnings & Revenue Estimates
Read MoreHide Full Article
Have you been eager to see how Eaton Vance Corp. (EV - Free Report) performed in first-quarter fiscal 2018 (ended Jan 31) in comparison with the market expectations? Let’s quickly scan through the key facts from this Massachusetts-based investment management firm’s earnings release this morning:
An Earnings Beat
Eaton Vance came out with adjusted earnings per share of 78 cents, beating the Zacks Consensus Estimate of 71 cents.
Higher revenues were largely drove the earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Eaton Vance depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate for the to-be-reported quarter remained over the last seven days.
Eaton Vance doesn’t have a decent earnings surprise history. Before Q1 earnings, the company has an average negative earnings surprise of 3.5%.
Eaton Vance posted total revenues of $421.4 million, which outpaced the Zacks Consensus Estimate of$417 million. Also, it compared favorably with the year-ago number of $355 million.
Key Statistics
As of Jan 31, 2018, assets under management (AUM) were $449.2 billion, up 24% year-over-year. Also, total net inflows amounted to $37.1 billion in the reported quarter.
During fiscal first quarter, Eaton Vance repurchased nearly 0.7 million shares of its Non-Voting Common Stock for $36.3 million.
What Zacks Rank Says
Eaton Vance currently carries a Zacks Rank #2 (Buy). Since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Eaton Vance (EV) Beats on Q1 Earnings & Revenue Estimates
Have you been eager to see how Eaton Vance Corp. (EV - Free Report) performed in first-quarter fiscal 2018 (ended Jan 31) in comparison with the market expectations? Let’s quickly scan through the key facts from this Massachusetts-based investment management firm’s earnings release this morning:
An Earnings Beat
Eaton Vance came out with adjusted earnings per share of 78 cents, beating the Zacks Consensus Estimate of 71 cents.
Higher revenues were largely drove the earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Eaton Vance depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate for the to-be-reported quarter remained over the last seven days.
Eaton Vance doesn’t have a decent earnings surprise history. Before Q1 earnings, the company has an average negative earnings surprise of 3.5%.
Eaton Vance Corporation Price and EPS Surprise
Eaton Vance Corporation Price and EPS Surprise | Eaton Vance Corporation Quote
Revenue Came In Higher Than Expected
Eaton Vance posted total revenues of $421.4 million, which outpaced the Zacks Consensus Estimate of$417 million. Also, it compared favorably with the year-ago number of $355 million.
Key Statistics
As of Jan 31, 2018, assets under management (AUM) were $449.2 billion, up 24% year-over-year. Also, total net inflows amounted to $37.1 billion in the reported quarter.
During fiscal first quarter, Eaton Vance repurchased nearly 0.7 million shares of its Non-Voting Common Stock for $36.3 million.
What Zacks Rank Says
Eaton Vance currently carries a Zacks Rank #2 (Buy). Since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>