While the top- and bottom-line numbers for Federated Hermes (FHI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Federated Hermes (FHI) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago.
Evaluate the expected performance of Federated Hermes (FHI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Federated Hermes (FHI) 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.
Federated Hermes (FHI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors looking for stocks in the Financial - Investment Management sector might want to consider either Federated Hermes (FHI) or Blue Owl Capital Inc. (OWL). But which of these two stocks offers value investors a better bang for their buck right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Jonathan Pines, head of Asia ex-Japan equity at Federated Hermes, discusses the stock rally that stimulus measures from China's central bank prompted.
Investors need to pay close attention to Federated Hermes (FHI) stock based on the movements in the options market lately.
FHI's strategic acquisition of money market assets is likely to continue supporting its AUM growth. However, its rising expense base is a concern.
Federated Hermes, Inc. (NYSE:FHI ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Richard Donahue - VP, Financial Planning and Analysis Chris Donahue - President and CEO Tom Donahue - VP, CFO and Treasurer Debbie Cunningham - Chief Investment Officer Saker Nusseibeh - CEO of Federated Hermes Limited Conference Call Participants Patrick Davitt - Autonomous Research Adam Beatty - UBS Dan Fannon - Jefferies Ken Worthington - JPMorgan Bill Katz - TD Cowen Brian Bedell - Deutsche Bank John Dunn - Evercore ISI Operator Greetings and welcome to the Federated Hermes Incorporated Second Quarter 2024 Analyst Call and webcast. At this time all participants are on a listen-only mode and a question-and-answer session will follow the formal presentation.
Federated Hermes (FHI) second-quarter 2024 results are driven by increase in total managed assets. However, the higher expense base acted as a headwind.