Invesco Ltd reports results for the quarter ended September 30 - Earnings Summary

• Invesco Ltd IVZ.N reported quarterly adjusted earnings of 72 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 71 cents to 76 cents per share.

• Revenue rose 16.5% to $1.38 billion from a year ago; analysts expected $1.39 billion.

• Invesco Ltd's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $294.5 million.

• Invesco Ltd shares had fallen by 5.4% this quarter and gained 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for Invesco Ltd is $35.00, about 18.5% above its last closing price of $28.53

This summary was machine generated from LSEG data October 27 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)