Several top-rated Zacks stocks will report their third quarter results this week, with a few standing out from the financial sector in particular. Sporting a Zacks Rank #2 (Buy) here are three of these intriguing finance stocks to watch as their Q3 reports approach on Tuesday, October 22. Fiserv - FI Financial transaction services leader Fiserv (FI) has seen its stock soar nearly +50% this year with the company's growth prospects starting to catch investors' attention. Despite such an extensive rally, Fiser ...

Core Viewpoint - Invesco (IVZ) is currently viewed as a better value opportunity compared to T. Rowe Price (TROW) based on various valuation metrics and earnings outlook [1][3]. Valuation Metrics - IVZ has a forward P/E ratio of 10.90, while TROW has a forward P/E of 12.31 [2]. - The PEG ratio for IVZ is 1.07, indicating a more favorable valuation relative to its expected EPS growth rate compared to TROW's PEG ratio of 1.87 [2]. - IVZ's P/B ratio stands at 0.73, significantly lower than TROW's P/B ratio of 2.45, suggesting IVZ is undervalued in terms of its book value [2]. Zacks Rank and Value Grades - IVZ holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while TROW has a Zacks Rank of 3 (Hold) [1][3]. - Based on the valuation metrics, IVZ has a Value grade of A, whereas TROW has a Value grade of C, further supporting the conclusion that IVZ is the superior value option [3].

Core Viewpoint - Invesco (IVZ) is expected to report a year-over-year increase in earnings and revenues for Q3 2024, with earnings estimated at 44 cents per share, reflecting a 25.7% rise from the previous year, and sales projected at $1.11 billion, indicating nearly a 1% increase [1][2]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for Invesco's earnings is 44 cents, revised up by 2.3% over the past week, representing a 25.7% increase from the year-ago quarter [2]. - The consensus estimate for sales is $1.11 billion, suggesting an almost 1% rise year-over-year [2]. Group 2: Assets Under Management (AUM) and Fees - As of September 30, 2024, Invesco's preliminary total AUM was $1.8 trillion, up 4.7% from June 30, 2024, driven by solid inflows and favorable market conditions [3]. - The Zacks Consensus Estimate for investment management fees is $1.08 billion, indicating a 3.4% year-over-year increase [3]. - Performance fees are estimated at $6.3 million, showing a significant increase from the prior-year quarter [3]. - Service and distribution fees are projected at $372.8 million, implying a 5.4% growth [3]. - Other revenues are estimated at $50 million, suggesting a 10.6% rise [3]. Group 3: Cost Considerations - Invesco's cost-saving initiatives are expected to enhance efficiency, but rising compensation and marketing costs may negatively impact overall expenses for the quarter [4]. Group 4: Earnings Surprise Prediction - The likelihood of Invesco beating the Zacks Consensus Estimate for earnings is low, with an Earnings ESP of -0.55% and a Zacks Rank of 2 (Buy) [5].

In its upcoming report, Invesco (IVZ) is predicted by Wall Street analysts to post quarterly earnings of $0.44 per share, reflecting an increase of 25.7% compared to the same period last year. Revenues are forecasted to be $1.11 billion, representing a year-over-year increase of 0.7%.The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Invesco (IVZ) 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 22, 2024, might help the stock move higher if these key numbers are better than expe ...

Invesco (IVZ) could be a solid choice for investors given its recent upgrade 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 Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, inc ...

Core Viewpoint - Invesco Mortgage (IVR) is identified as carrying significant risk, particularly concerning its preferred shares, as highlighted in a recent article discussing its Q2 2024 performance [1]. Company Summary - Invesco Mortgage's performance in Q2 2024 has raised concerns among investors regarding the associated risks [1].

ATLANTA, Oct. 9, 2024 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,795.6 billion, an increase of 2.5% versus previous month-end. The firm delivered net long-term inflows of $3.3 billion in the month. Non-management fee earning net outflows were $0.6 billion and money market net inflows were $11.2 billion. AUM was positively impacted by favorable market returns which increased AUM by $25 billion. FX and reinvested distributions increased AU ...

Overview of Invesco Ltd. and Veeco Instruments Inc. - Invesco Ltd. is a global investment management firm founded in 1935, headquartered in Atlanta, managing assets across various sectors with a focus on technology and financial services [2] - Veeco Instruments Inc., established in 1994, operates in the semiconductor industry, developing thin-film process equipment essential for high-tech sectors [4] Recent Transaction Details - On September 30, 2024, Invesco reduced its holdings in Veeco Instruments by 1,677,839 shares, bringing its total to 360,673 shares, which now represents 0.60% of Invesco's total investments [1][5] - The transaction was executed at a price of $33.13 per share, resulting in a 4.01% impact on Invesco's portfolio [1] Financial Metrics and Market Position - Veeco Instruments has a GF Value of $27.78, indicating it is modestly overvalued with a current stock price of $32.66, and holds a GF Score of 74/100, suggesting strong future performance potential [4][5] - The semiconductor industry is undergoing significant transformations, with innovations and demand surges, positioning Veeco competitively within the sector [6] Strategic Implications - The reduction in Veeco holdings may signal a strategic reallocation of resources by Invesco towards other high-performing areas, aligning with its investment philosophy [5][8] - Such adjustments reflect broader market trends and internal strategy shifts, providing insights into how large asset management firms assess growth potential and risk in the semiconductor industry [7][8]