Invesco (NYSE:IVZ) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.52b (up 5.1% from 3Q 2023).
- Net income: US$55.0m (down 58% from 3Q 2023).
- Profit margin: 3.6% (down from 9.1% in 3Q 2023).
- EPS: US$0.12 (down from US$0.29 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Invesco EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 70%.
Looking ahead, revenue is expected to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 6.1%.
Performance of the American Capital Markets industry.
The company's shares are up 1.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Invesco you should be aware of.
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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:IVZ
Undervalued with excellent balance sheet and pays a dividend.
