Mark your calendars for Friday 1st November 2024, as T. Rowe Price Group (NASDAQ: TROW) is set to unveil its third quarter financial results. This highly anticipated announcement will be made before market open, giving investors and market participants a chance to assess the company's financial performance.
As per the predictions of financial analysts on Wall Street, the concern is set to report an estimated per share $2.33 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $1.83 billion for the period.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $7.21 billion. Additionally, they are expecting the company to achieve per share profit of $9.18 for the fiscal year.
The company's earnings report for the same quarter in the previous year revealed a per-share income of $2.17, attributed to the company's total revenue of $1.67 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.26 | +11.9% | 1.73 B | +7.6% |
| Q1 2024 | $2.38 | +40.8% | 1.75 B | +13.8% |
| Q4 2023 | $1.72 | -1.1% | 1.64 B | +7.7% |
| Q3 2023 | $2.17 | +16.7% | 1.67 B | +5.2% |
| Q2 2023 | $2.02 | +12.8% | 1.61 B | +6.4% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 1st November 2024 at 08:00 AM eastern time to discuss Q3 financial results.
Wednesday's trading saw T. Rowe Price Group (TROW) shares hit a low of $111.71 and a high of $113.83, with a day volume of 1.14 million shares. The stock closed the regular trading session at $111.81, marking 0.51 percent downfall.
