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Federated Hermes Full Year 2024 Earnings: EPS Beats Expectations
Federated Hermes (NYSE:FHI) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.63b (up 1.4% from FY 2023).
- Net income: US$256.7m (down 9.9% from FY 2023).
- Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$3.23 (down from US$3.40 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Federated Hermes EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.
In the last 12 months, the only revenue segment was Investment Management Business contributing US$1.63b. The largest operating expense was Sales & Marketing costs, amounting to US$406.4m (49% of total expenses). Explore how FHI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Federated Hermes that we have uncovered.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:FHI
Outstanding track record with excellent balance sheet and pays a dividend.
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Trending Discussion
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StevenM on Excellon Resources ·
Interesting analysis, but the price trajectory assumed for the baseline metals is problematic. These assumptions form the foundation for the entire case, and when compared against historical pricing, don’t appear to be grounded in any reasonable precedent. Even accounting for past commodity super-cycles, inflationary periods, or supply constraints, the forecasted pricing for gold, silver, zinc, and lead are well outside what history would suggest is plausible over comparable timeframes. That creates a fragile premise as the conclusions are driven by aggressive inputs rather than underlying market behavior that is realistic. The analysis would be materially stronger if the price assumptions were anchored to historical ranges and prior cycle peaks, with explicit rationale where the model intentionally departs from those patterns. As it stands, the trajectory feels more aspirational than analytical.
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