Curious about T. Rowe (TROW) Q1 Performance?

Core Viewpoint - Analysts expect T. Rowe Price (TROW) to report quarterly earnings of $2.09 per share, reflecting a year-over-year decline of 12.2%, with revenues projected at $1.77 billion, an increase of 1.2% from the previous year [1]. Earnings Estimates - There has been a downward revision of 13.2% in the consensus EPS estimate over the last 30 days, indicating a significant reconsideration by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Revenue Projections - Analysts estimate 'Net revenues- Capital allocation-based income' to be $6.07 million, down 87.1% year-over-year [4]. - 'Net revenues- Administrative, distribution and servicing fees' are expected to reach $142.50 million, a decrease of 4.4% from the prior year [5]. - 'Net revenues- Investment advisory fees' are projected at $1.61 billion, reflecting a year-over-year increase of 3.3% [5]. - 'Net revenues- Investment Advisory Fees- Alternatives' are expected to be $72.05 million, down 2.8% from the previous year [6]. - 'Net revenues- Investment Advisory Fees- Multi-asset' are estimated at $459.77 million, indicating a year-over-year increase of 7% [6]. - 'Net revenues- Investment Advisory Fees- Fixed income, including money market' are forecasted to reach $108.38 million, up 7.7% year-over-year [7]. - 'Net revenues- Investment Advisory Fees- Equity' are expected to be $959.01 million, reflecting a 1% increase from the previous year [7]. Assets Under Management (AUM) - 'Assets Under Management (EOP) - Equity' is estimated at $806.24 billion, up from $770.4 billion in the same quarter last year [8]. - 'Assets Under Management (EOP) - Multi-asset' is projected to be $553.12 billion, compared to $497 billion a year ago [8]. - Total 'Assets Under Management' is expected to reach $1,607.56 billion, an increase from $1,484.4 billion year-over-year [9]. - 'Assets Under Management (EOP) - Fixed income, including money market' is estimated at $195.56 billion, up from $169.5 billion last year [9]. - 'Assets Under Management (EOP) - Alternatives' is projected to be $52.65 billion, compared to $47.5 billion in the previous year [10]. Stock Performance - Over the past month, T. Rowe shares have recorded a return of -3.4%, while the Zacks S&P 500 composite has changed by -0.8% [10]. - Based on its Zacks Rank 4 (Sell), TROW is expected to underperform the overall market in the upcoming period [11].