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Invesco's April AUM Dips Marginally on Weak Markets, Outflows
ZACKS· 2025-05-14 13:51
Core Viewpoint - Invesco reported a decline in assets under management (AUM) for April 2025, influenced by net outflows and weak market returns, despite some positive contributions from foreign exchange [1][2][6]. AUM Performance - Invesco's month-end AUM for April 2025 was $1.84 trillion, a decrease of 0.3% from the previous month [1]. - The preliminary average total AUM for the quarter through April 30 was $1.82 trillion, with average active AUM at $1.03 trillion [3]. Net Inflows and Outflows - The company experienced net long-term inflows of $1.3 billion in April, but faced non-management fee-earning net outflows of $2 billion and money market net outflows of $12.1 billion [2]. - Weak market returns led to a $1 billion decline in AUM, while foreign exchange positively impacted AUM by $9.2 billion [2]. Breakdown by Asset Class - AUM under ETFs & Index Strategies was $492.4 billion, showing a slight increase from the previous month [4]. - Fundamental Fixed Income AUM grew by 2.4% to $298.9 billion, while China JV & India AUM rose by 1% to $112.1 billion [4]. - Multi-Asset/Other AUM increased by 2.9% to $61.1 billion, and QQQs AUM rose by 0.6% to $299.1 billion [4]. - Conversely, Private Markets AUM declined by 3% to $127.4 billion, Fundamental Equities AUM decreased by 0.6% to $261.1 billion, and Global Liquidity AUM fell by 6.1% to $187.9 billion [5]. Market Context - The company faces macroeconomic headwinds leading to volatility in asset flows, which may impact its top line in the near term [6]. - In the past three months, Invesco's shares have decreased by 15.4%, compared to a 7.4% decline in the industry [6]. Peer Comparison - Franklin Resources reported a preliminary AUM of $1.53 trillion, showing a slight decrease, attributed to long-term net outflows of $10 billion [9][10]. - T. Rowe Price announced a preliminary AUM of $1.56 trillion, reflecting a marginal decrease with net outflows of $3.5 billion [10].
Alcon Q1 Earnings Miss Estimates, Stock Down, 2025 EPS View Lowered
ZACKS· 2025-05-14 13:51
Alcon, Inc. (ALC) delivered first-quarter 2025 core earnings per share (EPS) of 73 cents, down 6.4% from the year-ago quarter’s figure. At the constant exchange rate or CER, the figure was in line year over year. However, the metric missed the Zacks Consensus Estimate by 3.9%.Alcon reports “core” results based on non-IFRS (International Financial Reporting Standards) measures. In the first quarter, the company’s EPS was 70 cents, up 40% (50% at CER) year over year.ALC’s Q1 Revenues in DetailNet sales to thi ...
Sanara MedTech Inc. (SMTI) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-14 13:51
Sanara MedTech Inc. (SMTI) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -32.26%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.18, delivering a surprise of 5.26%.Over the last four quarters, the company has surp ...
Despite Fast-paced Momentum, Petco (WOOF) Is Still a Bargain Stock
ZACKS· 2025-05-14 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...
MainStreet Bank (MNSB) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-05-14 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...
DoubleDown Q1 Earnings & Revenues Miss Estimates, ARPDAU Up Y/Y
ZACKS· 2025-05-14 13:45
DoubleDown Interactive Co., Ltd. (DDI) first-quarter 2025 earnings and revenues missed their respective Zacks Consensus Estimate. Following the results, the company’s shares declined nearly 2% in the after-hours trading session yesterday.The company’s results were hurt by dismal social casino/free-to-play games revenues.Inside the Headlines of DDI’s Q1 ResultsThe company reported earnings per share (EPS) of 48 cents, which missed the Zacks Consensus Estimate of 55 cents by 12.7%. In the prior-year quarter, ...
Arbutus Biopharma (ABUS) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-14 13:45
Arbutus Biopharma (ABUS) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -44.44%. A quarter ago, it was expected that this biopharmaceutical company would post a loss of $0.08 per share when it actually produced a loss of $0.07, delivering a surprise of 12.50%.Over the last four quarters, the ...
Oklo Reaches Critical Mass, Atomic Upside Still Available
MarketBeat· 2025-05-14 13:43
Oklo TodayOKLOOklo$38.15 +6.12 (+19.10%) 52-Week Range$5.35▼$59.14Price Target$46.40Add to WatchlistOklo’s NYSE: OKLO stock price has experienced violent swings due to its rapidly improving outlook and lack of revenue. However, the market for Oklo stock reached a critical mass in May 2025, and a violent, atomic-sized upside will soon be realized. The reason is that the nuclear energy company is on track to commence commercial operations by the end of 2027 or early 2028, fully three years ahead of its close ...
AMD announces $6 billion buyback; shares climb 8%
CNBC· 2025-05-14 13:41
Core Viewpoint - AMD's board of directors has approved an additional $6 billion in share buybacks, reflecting confidence in the company's strategic direction and growth prospects [1][2]. Summary by Relevant Sections - **Share Buyback Program** - The newly authorized share repurchase program amounts to $6 billion, supplementing the existing $4 billion in approved repurchases [1]. - Following the announcement, AMD's stock price increased by 6% [1]. - **Management Commentary** - CEO Lisa Su emphasized that the expanded share repurchase program demonstrates the board's confidence in AMD's strategic direction, growth prospects, and ability to generate strong free cash flow consistently [2].
Wireless Ronin Technologies Inc. (CREX) Surpasses Q1 Earnings Estimates
ZACKS· 2025-05-14 13:40
Wireless Ronin Technologies Inc. (CREX) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of a loss of $0.12 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 366.67%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.27, delivering a surprise of -145.45%.Over the last four ...