Invesco Earnings: Here’s Why Investors are Happy Now

Invesco Ltd. (NYSE:IVZ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.54%.

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Invesco Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 18.18% to $0.52 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Rose 10.46% to $1.14 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Invesco Ltd. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.47. It beat the average revenue estimate of $1.14 billion.

Quoting Management: “Invesco’s continued strong investment performance and focus on meeting client needs – coupled with an enhanced level of optimism reflected in the markets – contributed to a meaningful increase in operating income and record net inflows during the first quarter,” said Martin L. Flanagan, president and CEO of Invesco. “Based on the strengthening trend of our business fundamentals, we are raising our quarterly dividend 30% to 22.5 cents.”

Key Stats (on next page)…

Revenue increased 4.47% from $1.09 billion in the previous quarter. EPS increased 15.56% from $0.45 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.50 to a profit $0.51. For the current year, the average estimate has moved up from a profit of $2.06 to a profit of $2.07 over the last ninety days.

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

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