Compared to Estimates, Federated Hermes (FHI) Q4 Earnings: A Look at Key Metrics

Core Insights - Federated Hermes reported revenue of $424.68 million for the quarter ended December 2024, reflecting an 8.5% increase year-over-year and surpassing the Zacks Consensus Estimate of $419.71 million by 1.19% [1] - The company's EPS for the quarter was $1.04, up from $0.96 in the same quarter last year, resulting in an EPS surprise of 8.33% compared to the consensus estimate of $0.96 [1] Financial Performance Metrics - Managed Assets in Alternative/Private Markets were reported at $18.86 billion, below the average estimate of $21.19 billion [4] - Managed Assets in Multi-Asset were reported at $2.88 billion, slightly below the average estimate of $2.96 billion [4] - Money Market Managed Assets were reported at $630.35 billion, exceeding the average estimate of $618.29 billion [4] - Long-term Fund Assets in Alternative/Private Markets were reported at $11.50 billion, below the average estimate of $12.89 billion [4] - Long-term Fund Assets in Multi-Asset were reported at $2.76 billion, below the average estimate of $2.83 billion [4] - Long-term Fixed-Income Managed Assets were reported at $98.06 billion, below the average estimate of $100.46 billion [4] - Separate Accounts in Alternative/Private Markets were reported at $7.36 billion, below the average estimate of $8.30 billion [4] - Separate Accounts in Multi-Asset were reported at $119 million, below the average estimate of $139.35 million [4] - Money Market Separate Accounts were reported at $168.63 billion, exceeding the average estimate of $164.62 billion [4] Revenue Breakdown - Administrative service fees, net-affiliates were reported at $99.71 million, above the average estimate of $98.52 million, representing a year-over-year change of 9.7% [4] - Other service fees, net were reported at $36.64 million, below the average estimate of $38.69 million, with a year-over-year change of 2.1% [4] - Investment advisory fees, net were reported at $288.33 million, exceeding the average estimate of $279.62 million, reflecting an 8.9% increase year-over-year [4] Stock Performance - Shares of Federated Hermes have returned -4% over the past month, while the Zacks S&P 500 composite has increased by 1.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]