Federated Hermes, Inc. (NYSE:FHI) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Ray Hanley - President, Federated Investors Management Company Chris Donahue - President and Chief Executive Officer Tom Donahue - Chief Financial Officer Deborah Cunningham - Chief Investment Officer, Money Markets Saker Nusseibeh - Chief Executive Officer , Federated Hermes Limited Conference Call Participants Patrick Davitt - Autonomous Research Ken Worthington - JPMorgan Chase Bill Katz - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________________ FORM 10-Q ______________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Federated Hermes, Inc.’s (FHI) third-quarter 2024 adjusted earnings per share of $1.06 topped the Zacks Consensus Estimate of 92 cents. The bottom line increased 23.3% from the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.An increase in net administrative service fees is a major driving factor. The company’s assets under management (AUM) touched a record level. An increase in revenues and a decline in expenses were added advantage.Net income (GAAP basis) o ...

For the quarter ended September 2024, Federated Hermes (FHI) reported revenue of $408.46 million, up 1.4% over the same period last year. EPS came in at $1.06, compared to $0.86 in the year-ago quarter.The reported revenue represents a surprise of -0.49% over the Zacks Consensus Estimate of $410.47 million. With the consensus EPS estimate being $0.92, the EPS surprise was +15.22%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Federated Hermes (FHI) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.22%. A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of $0.89 per share when it actually produced earnings of $0.96, delivering a surprise ...

Exhibit 99.1 MEDIA: ANALYSTS: Ed Costello 412-288-7538 Ray Hanley 412-288-1920 Federated Hermes, Inc. reports record assets under management with third quarter 2024 earnings • Total assets under management reach a record $800.5 billion • Money market assets at record $593.0 billion; fixed income assets at record $100.2 billion • Q3 2024 earnings per diluted share of $1.06 • Board declares $0.31 per share dividend; authorizes new share repurchase program (PITTSBURGH, Pa., Oct. 24, 2024) — Federated Hermes, I ...

Total assets under management reach a record $800.5 billion Money market assets at record $593.0 billion; fixed income assets at record $100.2 billion Q3 2024 earnings per diluted share of $1.06 Board declares $0.31 per share dividend; authorizes new share repurchase programPITTSBURGH, Oct. 24, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active, responsible investing, today reported earnings per diluted share (EPS) of $1.06 for Q3 2024, compared to $0.86 for the same quarter ...

The upcoming report from Federated Hermes (FHI) is expected to reveal quarterly earnings of $0.92 per share, indicating an increase of 7% compared to the year-ago period. Analysts forecast revenues of $409.7 million, representing an increase of 1.8% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a comp ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Federated Hermes (FHI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better ...

Federated Hermes (FHI) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The powe ...