Federated Hermes Inc expected to post earnings of 92 cents a share - Earnings Preview

Reuters
2024-10-23

* Federated Hermes Inc is expected to show a rise in quarterly revenue when it reports results on October 24 for the period ending September 30 2024

* The Pittsburgh Pennsylvania-based company is expected to report a 1.6% increase in revenue to $409.26 million from $402.66 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (Sales/Revenue majority basis is on Total Revenue)

* ​LSEG's mean analyst estimate for Federated Hermes Inc is for earnings of 92 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Federated Hermes Inc is $37.50​, below​ its last closing price of $38.19. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.88 0.89 0.20 Missed -77.4

Jan. 1 2024 0.89 0.88 0.89 Beat 1

Jan. 1 0001 0.84 0.83 0.96 Beat 15.6​

Sep. 30 2023 0.83 0.83 0.86 Beat 3.5

​​Jun. 0.82 0.82 0.78 Missed -1.4

30 2023

Mar. 31 2023 0.73 0.73 0.78 Beat 6.4​

Dec. 31 2022 0.78 0.77 0.90 Beat 17.1

Sep. 30 2022 0.70 0.71 0.78 Beat 10.5

This summary was machine generated October 23 at 04:06 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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