Advertisement
UK markets open in 2 hours 58 minutes

  • NIKKEI 225

    37,738.45
    -721.63 (-1.88%)
     

  • HANG SENG

    17,271.56
    +70.29 (+0.41%)
     

  • CRUDE OIL

    82.87
    +0.06 (+0.07%)
     

  • GOLD FUTURES

    2,325.90
    -12.50 (-0.53%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,573.34
    -1,875.43 (-3.51%)
     

  • CMC Crypto 200

    1,391.46
    -32.64 (-2.29%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Invesco (IVZ) Beats on Q4 Earnings and Revenue Estimates

Zacks Equity Research
Updated

Have you been eager to see how Invesco Ltd. IVZ performed in Q4 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:

An Earnings Beat

Invesco came out with adjusted earnings of 73 cents per share, which surpassed the Zacks Consensus Estimate of 70 cents.
 
Increase in revenues mainly drove the earnings improvement.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for Invesco depicted optimism prior to the earnings release. The Zacks Consensus Estimate has moved 1.4% upward over the last 30 days.

Also, Invesco have a decent earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in each of the prior four quarters, as evident from the chart below:

Invesco PLC Price and EPS Surprise

 

Invesco PLC Price and EPS Surprise | Invesco PLC Quote

ADVERTISEMENT

Revenue Came In Higher Than Expected   

Invesco posted GAAP revenues of $1.38 billion, which marginally beat the Zacks Consensus Estimate of $1.37 billion. Also, it compared favorably with the year-ago number of $1.19 billion.

Key Statistics
 

  • Recorded $130.7 million of tax benefit related to tax act

  • Adjusted operating margin was 39.7%

  • Assets under management of $937.6 billion

  • Long-term net inflows were $4.4 billion


What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) 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!

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Invesco PLC (IVZ) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research