Invesco(US:IVZ) ZACKSยท2024-07-23 13:05Group 1: Earnings Performance - Invesco reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 7.50% [1] - The company posted revenues of $1.09 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.04%, consistent with year-ago revenues of $1.09 billion [1] - Over the last four quarters, Invesco has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [1] Group 2: Stock Performance and Outlook - Invesco shares have declined approximately 7.6% since the beginning of the year, while the S&P 500 has gained 16.7% [2] - The company's earnings outlook is crucial for investors, as empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] - The current consensus EPS estimate for the upcoming quarter is $0.43 on $1.1 billion in revenues, and for the current fiscal year, it is $1.64 on $4.38 billion in revenues [4] Group 3: Industry Context - The Financial - Investment Management industry, to which Invesco belongs, is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Ameriprise Financial Services, is expected to report quarterly earnings of $8.51 per share, reflecting a year-over-year change of +14.4% [5] - Ameriprise's revenues are anticipated to be $4.18 billion, representing a 9.2% increase from the year-ago quarter [6]