Core Insights - Federated Hermes (FHI) is expected to report quarterly earnings of $0.92 per share, a 7% increase year-over-year, with revenues projected at $409.7 million, reflecting a 1.8% year-over-year growth [1] - Analysts have adjusted the consensus EPS estimate upward by 3.2% over the past 30 days, indicating a reassessment of initial projections [1] - The relationship between earnings estimate trends and short-term stock price movements is emphasized, highlighting the importance of earnings projections [1] Revenue Projections - Analysts estimate 'Revenue - Administrative service fees, net' to reach $94.90 million, a year-over-year increase of 7.8% [2] - 'Revenue - Other service fees, net' is projected at $38.06 million, indicating a 0.5% increase from the previous year [2] - 'Revenue - Investment advisory fees, net' is forecasted to be $275.34 million, reflecting a slight decline of 0.5% year-over-year [2] Managed Assets Estimates - 'Managed Assets - Asset Class - Alternative/private markets' is estimated at $20.68 billion, up from $20.34 billion in the same quarter last year [3] - 'Managed Assets - Asset Class - Multi-asset' is projected to reach $2.85 billion, compared to $2.73 billion in the previous year [3] - 'Managed Assets - Asset Class - Money market' is expected to be $582.90 billion, an increase from $525.09 billion year-over-year [3] Additional Managed Assets Insights - 'Managed Assets - Product Type - Alternative/private markets' is estimated at $12.52 billion, slightly up from $12.41 billion last year [3] - 'Managed Assets - Product Type - Multi-asset' is projected at $2.72 billion, compared to $2.60 billion in the same quarter last year [4] - 'Managed Assets - Asset Class - Fixed-income' is expected to reach $97.56 billion, up from $89.77 billion year-over-year [4] Separate Accounts Projections - 'Managed Assets - Separate Accounts - Alternative/private markets' is estimated at $8.16 billion, compared to $7.93 billion last year [4] - 'Managed Assets - Separate Accounts - Multi-asset' is projected at $137.90 million, up from $129 million in the same quarter last year [4] - 'Managed Assets - Separate Accounts - Money market' is expected to be $150.97 billion, an increase from $140.19 billion year-over-year [5] Stock Performance - Over the past month, Federated Hermes shares have returned +2.4%, slightly underperforming the Zacks S&P 500 composite's +2.7% [5] - Based on its Zacks Rank 2 (Buy), FHI is expected to outperform the overall market in the upcoming period [5]
Unlocking Q3 Potential of Federated Hermes (FHI): Exploring Wall Street Estimates for Key Metrics