T. Rowe Price's failure to innovate and shift to passive ETFs has led to significant underperformance compared to BlackRock and continuous net outflows. The company's adherence to active investing, despite the growing popularity of passive ETFs, has resulted in a substantial gap in returns and market share. Despite a strong dividend yield and solid financial position, TROW's long-term growth prospects are bleak due to changing investor preferences.
TROW's fourth-quarter 2024 results miss estimates on higher expenses. Yet, higher net revenues driven by a rise in AUM are a positive.
T. Rowe Price Group, Inc. (NASDAQ:TROW ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Linsley Carruth - Director of IR Rob Sharps - Chair, CEO and President Jen Dardis - CFO Eric Veiel - Head of Global Investments Conference Call Participants Bill Katz - TD Cowen Benjamin Budish - Barclays Capital Glenn Schorr - Evercore ISI Craig Seigenthaler - Bank of America Dan Fannon - Jefferies Patrick Davitt - Autonomous Research Ken Worthington - JPMorgan Brennan Hawken - UBS Alexander Blostein - Goldman Sachs Operator Good morning. My name is Daniel, and I will be your conference facilitator today.
Although the revenue and EPS for T. Rowe (TROW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
T. Rowe Price (TROW) came out with quarterly earnings of $2.12 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $1.72 per share a year ago.
Asset management firm T. Rowe Price Group (TROW 0.24%) reported fourth-quarter and full-year 2024 earnings on Wednesday, Feb. 5, that fell short of analysts' consensus estimates.
TROW's fourth-quarter 2024 performance is likely to have been impacted by a decline in equity market performance and high expenses.
Get a deeper insight into the potential performance of T. Rowe (TROW) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
T. Rowe Price (TROW) concluded the recent trading session at $115.89, signifying a +1.38% move from its prior day's close.
T. Rowe (TROW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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T. Rowe Price (TROW) closed the most recent trading day at $112.84, moving -0.25% from the previous trading session.