Robust Growth in AUM to Support Invesco This Earnings Season

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$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$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].