Federated Hermes Inc reports results for the quarter ended September 30 - Earnings Summary

• Federated Hermes Inc FHI reported quarterly adjusted earnings of $1.34​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of six analysts for the quarter was for earnings of $1.12 per share. Wall Street expected results to range from $1.08 to $1.17 per share.

• Revenue rose 14.9% to $469.45 million from a year ago; analysts expected $443.53 million.

• Federated Hermes Inc's reported EPS for the quarter was $1.41​.

• The company reported quarterly net income of $104.13 million.

• Federated Hermes Inc shares had fallen by 8.9% this quarter and gained 15.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.1% 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 1 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for Federated Hermes Inc is $52.00, about 6.8% above its last closing price of $48.48

This summary was machine generated from LSEG data October 31 at 11:11 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)