Envestnet Q3 EPS $0.56 Beats $0.54 Estimate, Sales $316.85M Miss $317.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Envestnet (NYSE:ENV) reported Q3 earnings of $0.56 per share, beating the analyst consensus estimate of $0.54 by 3.7%. This is a 24.44% increase from the same period last year. However, the company's quarterly sales of $316.85 million missed the analyst consensus estimate of $317.53 million by 0.22%. This is a 3.31% increase from the same period last year.
November 08, 2023 | 9:19 pm
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NEUTRAL IMPACT
Envestnet's Q3 earnings beat estimates but sales missed. Earnings per share increased by 24.44% YoY, while sales increased by 3.31% YoY.
Envestnet's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100