Federated Hermes Q2 EPS $0.81 Misses $0.82 Estimate, Sales $433.23M Beat $395.30M Estimate
Portfolio Pulse from sunil@benzinga.com
Federated Hermes (NYSE:FHI) reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.82 by 1.22 percent. However, the company's quarterly sales of $433.23 million beat the analyst consensus estimate of $395.30 million by 9.60 percent.
July 27, 2023 | 8:43 pm
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Federated Hermes' Q2 earnings per share missed the analyst consensus estimate, but its sales beat the estimate.
Federated Hermes' Q2 earnings per share missed the analyst consensus estimate by 1.22 percent, which could negatively impact the stock. However, the company's sales beat the estimate by 9.60 percent, which could have a positive impact. The mixed results make the short-term impact on the stock uncertain.
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IMPORTANCE 80
RELEVANCE 100