NYSE:FHICapital Markets
Does Earnings Beat Driven by Record Quant Equity Fund Sales Change The Bull Case For Federated Hermes (FHI)?
In its recently reported third quarter, Federated Hermes posted revenue growth of 14.9% year on year, beating analyst estimates by 5.5% and delivering a stronger-than-expected earnings performance.
This upside surprise was powered by record net sales of equity funds and rising demand for the firm’s MDT equity and alternative quantitative strategies, underscoring investor appetite for its quantitative capabilities.
Next, we’ll examine how this earnings beat, underpinned by record equity fund...