FMP
Federated Hermes’ Upcoming Q4 Results Preview
Jan 24, 2023 9:04 PM - Davit Kirakosyan
Image credit: FMP
RBC Capital shared its views on Federated Hermes, Inc. (NYSE:FHI) ahead of the upcoming Q4 results, scheduled on Jan 26.
The analysts adjusted their Q4 EPS estimate to $0.79 (vs. Street’s $0.74), as they factor in market returns in the quarter and their refined net flow assumptions. Their 2023 EPS estimate was revised to $3.73 from $3.55, and their 2024 EPS estimate to $4.11 from $3.92.
While equity and bond markets broadly rallied in Q4 to end up increasing quarter-over-quarter (up 7.1% on a spot basis for the S&P 500 index), the analysts noted that markets were largely mixed sequentially on an average basis, which is more representative of actual asset manager economics (world equity indexes declined 2.6% quarter-over-quarter, on an average basis, and bond markets declined 3.8% quarter-over-quarter on an average basis).
The analysts raised their price target to $37 from $35 while maintaining their Sector Perform rating.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
