Waddell & Reed Financial Earnings: Everything You Must Know Now

Waddell & Reed Financial Inc. (NYSE:WDR) 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.

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Waddell & Reed Financial Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.55% to $0.63 in the quarter versus EPS of $0.55 in the year-earlier quarter.

Revenue: Rose 1.91% to $316.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Waddell & Reed Financial Inc. reported adjusted EPS income of $0.63 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $312.65 million.

Quoting Management: “This year is off to a good start. Sales were solid each month with only an 8% difference between the monthly high and low. Flows were similarly steady with each month firmly in positive territory,” said Hank Herrmann, Chairman and Chief Executive Officer of Waddell & Reed Financial, Inc. “While it is still too early to tell where retail clients are along the re-risking continuum, the first few months of this year feel decidedly more positive.”

Key Stats (on next page)…

Revenue increased 3.87% from $304.79 million in the previous quarter. EPS increased 3.28% from $0.61 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 $0.61 to a profit $0.65. For the current year, the average estimate has moved up from a profit of $2.47 to a profit of $2.64 over the last ninety days.

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