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.
Invesco (IVZ) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
Invesco (IVZ - Free Report) is slated to report second-quarter 2024 results on Jul 23, before market open. While the company’s earnings are expected to have witnessed a rise on a year-over-year basis, revenues are likely to have declined.
In the last reported quarter, IVZ’s adjusted earnings lagged the Zacks Consensus Estimate. Results were primarily hurt by a decline in adjusted revenues, along with higher adjusted expenses. However, an increase in the assets under management balance (AUM) on decent inflows was a positive.
Invesco does not have an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in only one of the trailing four quarters.
The Zacks Consensus Estimate for Invesco’s second-quarter earnings is pegged at 41 cents, which has been unchanged over the past seven days. The figure indicates a rise of 32.3% from the year-ago quarter.
The consensus estimate for sales is pegged at $1.08 billion, suggesting a marginal year-over-year decline.
Other Key Q2 Estimates & Factors to Note
Per the monthly metrics data published by Invesco, its preliminary total AUM as of Jun 30, 2024, was $1.72 trillion, up 3.6% from the Mar 31, 2024, level.
Driven by the improvement in the AUM balance, the company’s investment management fee is expected to have risen. The Zacks Consensus Estimate for investment management fee is pegged at $1.06 billion, indicating an increase of 1% on a sequential basis. Our estimate for the same is also $1.06 billion.
The consensus estimate for performance fees of $13 million indicates a significant rise from the previous quarter. Our estimate for the same is $7 million.
The consensus estimate for service and distribution fees of $367 million indicates a 2.7% sequential decline. The Zacks Consensus Estimate for other revenues is pegged at $46 million, suggesting a 6.1% sequential decline. Our estimate for service and distribution fees, and other revenues is $357.6 million and $36.4 million, respectively.
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.
Our estimate for total expenses (GAAP) is $1.25 billion.
What Our Model Predicts
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 -2.91%
Zacks Rank: The company currently carries a Zacks Rank #3.
Earnings Dates & Expectations of Other Finance Stocks
LPL Financial (LPLA - Free Report) is slated to announce second-quarter 2024 numbers on Jul 25.
Over the past 30 days, the Zacks Consensus Estimate for LPL Financial’s quarterly earnings has moved 1.6% lower to $3.71, implying a 5.8% decrease from the prior-year reported number.
Ares Capital Corporation (ARCC - Free Report) is scheduled to announce quarterly numbers on Jul 30.
Over the past 30 days, the Zacks Consensus Estimate for Ares Capital’s quarterly earnings has been unchanged at 58 cents. The estimate suggests no change from the prior-year reported number.
Image: Bigstock
Invesco (IVZ) to Report Q2 Earnings: What's in the Cards?
Invesco (IVZ - Free Report) is slated to report second-quarter 2024 results on Jul 23, before market open. While the company’s earnings are expected to have witnessed a rise on a year-over-year basis, revenues are likely to have declined.
In the last reported quarter, IVZ’s adjusted earnings lagged the Zacks Consensus Estimate. Results were primarily hurt by a decline in adjusted revenues, along with higher adjusted expenses. However, an increase in the assets under management balance (AUM) on decent inflows was a positive.
Invesco does not have an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in only one of the trailing four quarters.
Invesco Ltd. Price and EPS Surprise
Invesco Ltd. price-eps-surprise | Invesco Ltd. Quote
The Zacks Consensus Estimate for Invesco’s second-quarter earnings is pegged at 41 cents, which has been unchanged over the past seven days. The figure indicates a rise of 32.3% from the year-ago quarter.
The consensus estimate for sales is pegged at $1.08 billion, suggesting a marginal year-over-year decline.
Other Key Q2 Estimates & Factors to Note
Per the monthly metrics data published by Invesco, its preliminary total AUM as of Jun 30, 2024, was $1.72 trillion, up 3.6% from the Mar 31, 2024, level.
Driven by the improvement in the AUM balance, the company’s investment management fee is expected to have risen. The Zacks Consensus Estimate for investment management fee is pegged at $1.06 billion, indicating an increase of 1% on a sequential basis. Our estimate for the same is also $1.06 billion.
The consensus estimate for performance fees of $13 million indicates a significant rise from the previous quarter. Our estimate for the same is $7 million.
The consensus estimate for service and distribution fees of $367 million indicates a 2.7% sequential decline. The Zacks Consensus Estimate for other revenues is pegged at $46 million, suggesting a 6.1% sequential decline. Our estimate for service and distribution fees, and other revenues is $357.6 million and $36.4 million, respectively.
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.
Our estimate for total expenses (GAAP) is $1.25 billion.
What Our Model Predicts
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 -2.91%
Zacks Rank: The company currently carries a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates & Expectations of Other Finance Stocks
LPL Financial (LPLA - Free Report) is slated to announce second-quarter 2024 numbers on Jul 25.
Over the past 30 days, the Zacks Consensus Estimate for LPL Financial’s quarterly earnings has moved 1.6% lower to $3.71, implying a 5.8% decrease from the prior-year reported number.
Ares Capital Corporation (ARCC - Free Report) is scheduled to announce quarterly numbers on Jul 30.
Over the past 30 days, the Zacks Consensus Estimate for Ares Capital’s quarterly earnings has been unchanged at 58 cents. The estimate suggests no change from the prior-year reported number.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.