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Invesco (IVZ) Q1 Earnings In Line, Revenues Lag Estimates
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Have you been eager to see how Invesco Ltd. (IVZ - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this GA-based asset manager’s earnings release this morning:
In line Earnings
Invesco came out with adjusted earnings of 67 cents per share, which is in line with the Zacks Consensus Estimate.
Increase in revenues was offset by a rise in expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Invesco depicted pessimism prior to the earnings release. The Zacks Consensus Estimate has moved 2.9% downward over the last 30 days.
However, Invesco have an impressive earnings surprise history. Before reporting Q1 earnings, the company delivered positive surprises in each of the prior four quarters, as evident from the chart below:
Invesco posted GAAP revenues of $1.36 billion, which marginally lagged the Zacks Consensus Estimate of $1.37 billion. However, it compared favorably with the year-ago number of $1.19 billion.
Key Statistics
Expenses were $1.03 billion, up 10.7% year over year
Adjusted operating margin was 37.3%
Assets under management of $934.2 billion
Long-term net inflows were $0.3 billion
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Invesco. However, 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.
Check back later for our full write up on this Invesco earnings report!
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Invesco (IVZ) Q1 Earnings In Line, Revenues Lag Estimates
Have you been eager to see how Invesco Ltd. (IVZ - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this GA-based asset manager’s earnings release this morning:
In line Earnings
Invesco came out with adjusted earnings of 67 cents per share, which is in line with the Zacks Consensus Estimate.
Increase in revenues was offset by a rise in expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Invesco depicted pessimism prior to the earnings release. The Zacks Consensus Estimate has moved 2.9% downward over the last 30 days.
However, Invesco have an impressive earnings surprise history. Before reporting Q1 earnings, the company delivered positive surprises in each of the prior four quarters, as evident from the chart below:
Invesco Ltd. Price and EPS Surprise
Invesco Ltd. Price and EPS Surprise | Invesco Ltd. Quote
Revenue Came In Lower Than Expected
Invesco posted GAAP revenues of $1.36 billion, which marginally lagged the Zacks Consensus Estimate of $1.37 billion. However, it compared favorably with the year-ago number of $1.19 billion.
Key Statistics
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Invesco. However, 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.)
Check back later for our full write up on this Invesco earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>