The third quarter financial results of Federated Hermes (NYSE: FHI) will be revealed on Thursday 24th October 2024. This eagerly awaited announcement is slated to occur after market close, enabling investors and market participants to gain valuable insights into the company's financial performance.
According to predictions from financial analysts on Wall Street, the organization is expected to report an estimated per share $0.93 profit for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $409.04 million during this period.
Wall street experts have shared their forecasts for the company's annual performance, indicating that they predict the company will achieve a total revenue of $1.62 billion. Additionally, they are expecting the earnings per share for the company to hit profit of $3.17 during the fiscal year.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share income of $0.86. This figure was attributed to the company's total revenue, which reached an impressive $402.66 million during that same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.96 | +18.5% | 402.58 M | -7.1% |
| Q1 2024 | $0.89 | +14.1% | 396.37 M | +3.7% |
| Q4 2023 | $0.96 | +6.7% | 391.50 M | +4.7% |
| Q3 2023 | $0.86 | +10.3% | 402.66 M | +5.6% |
| Q2 2023 | $0.81 | +26.6% | 433.23 M | +18.4% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 25th October 2024 at 09:00 AM eastern time to review the Q3 2024 financial results.
Federated Hermes (FHI) experienced a trading range of $38.06 to $38.73, along with a total volume of 627.10 thousand shares during the day. The stock concluded Tuesday's regular trading session at $38.19, reflecting downfall of 1.52 percent.
