Why Is T. Rowe (TROW) Up 0% Since Last Earnings Report?

Core Viewpoint - T. Rowe Price's recent earnings report showed mixed results, with adjusted earnings per share missing estimates but year-over-year growth in net income and revenues [3][4][5]. Financial Performance - Q4 2025 adjusted earnings per share were $2.44, missing the Zacks Consensus Estimate of $2.47, but increased 15.1% year over year [3]. - Net income attributable to T. Rowe Price on a GAAP basis was $445.3 million, up 1.2% from the prior-year quarter [4]. - Net revenues rose 6% year over year to $1.93 billion, surpassing the Zacks Consensus Estimate of $1.92 billion [5]. Revenue and Expenses - In 2025, net revenues were $7.31 billion, up 3.1% year over year, also exceeding the Zacks Consensus Estimate of $7.30 billion [5]. - Total operating expenses increased 16.5% year over year to $1.46 billion, while adjusted operating expenses were $1.25 billion, up 2.2% year over year [6]. Assets Under Management (AUM) - As of December 31, 2025, total AUM grew 10.5% year over year to $1.77 trillion, positively impacted by net market appreciation and income of $33.9 billion [7]. - The company experienced net cash outflows of $25.5 billion during the quarter [7]. Capital Distribution - T. Rowe Price distributed a total of $426 million to shareholders through common stock dividends and share repurchases in Q4 [8]. Market Position and Outlook - Estimates for T. Rowe Price have trended downward, indicating a potential pullback, with a Zacks Rank of 3 (Hold) suggesting an in-line return expected in the coming months [12]. - The company has a poor Growth Score of F, a Momentum Score of D, and a Value Score of B, resulting in an aggregate VGM Score of D [11].