Federated Hermes (FHI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Earnings Expectations - The earnings report for Federated Hermes is expected to be released on July 25, 2024, with revenues projected at $397.56 million, reflecting an 8.2% decline year-over-year [2] - The consensus EPS estimate for the quarter has been revised down by 0.71% over the last 30 days, indicating a reassessment by analysts [2] Earnings Surprise Prediction - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent analyst revisions may provide a more accurate prediction [3] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold), with a historical success rate of nearly 70% for this combination [4] Company Performance Insights - Federated Hermes currently holds a Zacks Rank of 3 (Hold) [5] - The company is expected to report earnings of $0.89 per share, which represents a year-over-year increase of 9.9% [12] - Over the last four quarters, Federated Hermes has beaten consensus EPS estimates three times [19] Industry Comparisons - Affiliated Managers, another player in the investment management industry, is expected to report earnings of $4.60 per share for the same quarter, indicating a year-over-year change of 3.4% [23] - Revenues for Affiliated Managers are projected at $520.03 million, reflecting a 1.5% increase from the previous year [23]