* Federated Hermes Inc reported quarterly adjusted earnings of $1.06​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of seven analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 88 cents to 96 cents per share.

* Revenue rose 1.4% to $408.46 million from a year ago; analysts expected $409.26 million.

* Federated Hermes Inc's reported EPS for the quarter was $1.06​.

* The company reported quarterly net income of $87.54 million.

* Federated Hermes Inc shares had risen by 5.0% this quarter and gained 17.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* 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 average consensus recommendation for the investment management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Federated Hermes Inc is $38.50 This summary was machine generated from LSEG data October 27 at 03:54 p.m. UTC. ​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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.92 1.06 Beat

Jun. 30 2024 0.89 0.20 Missed

Mar. 31 2024 0.88 0.89 Beat

Dec. 31 2023 0.83 0.96 Beat