What to Expect from Federated Hermes's Earnings

Federated Hermes (NYSE:FHI) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.

Analysts estimate that Federated Hermes will report an earnings per share (EPS) of $0.91.

The announcement from Federated Hermes is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

The company's EPS beat by $0.07 in the last quarter, leading to a 1.04% drop in the share price on the following day.

Here's a look at Federated Hermes's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.89

0.88

0.83

0.84

EPS Actual

0.96

0.89

0.96

0.86

Price Change %

-1.0%

-4.0%

2.0%

4.0%

Stock Performance

Shares of Federated Hermes were trading at $38.19 as of October 22. Over the last 52-week period, shares are up 24.52%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Federated Hermes

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Federated Hermes.

A total of 5 analyst ratings have been received for Federated Hermes, with the consensus rating being Neutral. The average one-year price target stands at $36.6, suggesting a potential 4.16% downside.

Peer ...