SEI Investments Earnings: Here’s Why Investors are Not Excited Now

SEI Investments Co. (NASDAQ:SEIC) delivered a profit and met 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 down 1.50%.

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SEI Investments Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.86% to $0.33 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Rose 14.29% to $271.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: SEI Investments Co. reported adjusted EPS income of $0.33 per share. By that measure, the company missed the mean analyst estimate of $0.33. It beat the average revenue estimate of $271.19 million.

Quoting Management: “The first quarter of 2013 continued the progress we made during 2012 across all of our businesses. A combination of new client implementations, improved financial markets, and positive sales activity contributed to our operating results during the quarter,” said Alfred P. West, Jr., SEI Chairman and CEO.

Key Stats (on next page)…

Revenue increased 3.92% from $261.64 million in the previous quarter. EPS increased 3.13% from $0.32 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 $0.35 to a profit $0.36. For the current year, the average estimate has moved up from a profit of $1.43 to a profit of $1.46 over the last ninety days.

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