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Compared to Estimates, Federated Hermes (FHI) Q4 Earnings: A Look at Key Metrics
FHIFederated(FHI) ZACKS·2025-01-31 01:31

Core Insights - Federated Hermes reported revenue of 424.68millionforthequarterendedDecember2024,reflectingan8.5424.68 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,upfrom1.04, 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]FinancialPerformanceMetrics−ManagedAssetsinAlternative/PrivateMarketswerereportedat0.96 [1] Financial Performance Metrics - Managed Assets in Alternative/Private Markets were reported at 18.86 billion, below the average estimate of 21.19billion[4]−ManagedAssetsinMulti−Assetwerereportedat21.19 billion [4] - Managed Assets in Multi-Asset were reported at 2.88 billion, slightly below the average estimate of 2.96billion[4]−MoneyMarketManagedAssetswerereportedat2.96 billion [4] - Money Market Managed Assets were reported at 630.35 billion, exceeding the average estimate of 618.29billion[4]−Long−termFundAssetsinAlternative/PrivateMarketswerereportedat618.29 billion [4] - Long-term Fund Assets in Alternative/Private Markets were reported at 11.50 billion, below the average estimate of 12.89billion[4]−Long−termFundAssetsinMulti−Assetwerereportedat12.89 billion [4] - Long-term Fund Assets in Multi-Asset were reported at 2.76 billion, below the average estimate of 2.83billion[4]−Long−termFixed−IncomeManagedAssetswerereportedat2.83 billion [4] - Long-term Fixed-Income Managed Assets were reported at 98.06 billion, below the average estimate of 100.46billion[4]−SeparateAccountsinAlternative/PrivateMarketswerereportedat100.46 billion [4] - Separate Accounts in Alternative/Private Markets were reported at 7.36 billion, below the average estimate of 8.30billion[4]−SeparateAccountsinMulti−Assetwerereportedat8.30 billion [4] - Separate Accounts in Multi-Asset were reported at 119 million, below the average estimate of 139.35million[4]−MoneyMarketSeparateAccountswerereportedat139.35 million [4] - Money Market Separate Accounts were reported at 168.63 billion, exceeding the average estimate of 164.62billion[4]RevenueBreakdown−Administrativeservicefees,net−affiliateswerereportedat164.62 billion [4] Revenue Breakdown - Administrative service fees, net-affiliates were reported at 99.71 million, above the average estimate of 98.52million,representingayear−over−yearchangeof9.798.52 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 38.69million,withayear−over−yearchangeof2.138.69 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]