Eaton Vance Earnings: What Investors Need to Know

Eaton Vance Corp. (NYSE:EV) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.

Eaton Vance Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 20.93% to $0.52 in the quarter versus EPS of $0.43 in the year-earlier quarter.

Revenue: Rose 17.25% to $350.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Eaton Vance Corp. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.54. It missed the average revenue estimate of $353.97 million.

Quoting Management: “The $8.8 billion in net inflows in the third quarter of fiscal 2013 rank as the second highest quarterly total in Eaton Vance history” said Thomas E. Faust Jr., Chairman and Chief Executive Officer. “Our leading positions in floating-rate bank loans and implementation services propelled the Company to an outstanding growth quarter.”

Key Stats (on next page)…

Revenue increased 5.61% from $331.69 million in the previous quarter. EPS decreased 0% from $0.52 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.59 and has not changed. For the current year, the average estimate has moved down from a profit of $2.18 to a profit of $2.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)