Envestnet Q4 2023 Adj EPS $0.65 Beats $0.53 Estimate, Sales $317.60M Beat $311.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Envestnet (NYSE:ENV) reported Q4 2023 adjusted EPS of $0.65, surpassing the $0.53 estimate, with sales of $317.60M also beating the $311.70M estimate. This represents an 8.44% increase in sales compared to the same period last year.

February 22, 2024 | 9:07 pm
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Envestnet reported a strong Q4 2023 with adjusted EPS of $0.65 and sales of $317.60M, both exceeding analyst estimates. Year-over-year sales growth was 8.44%.
Envestnet's Q4 2023 performance exceeded analyst expectations in both EPS and sales, indicating strong financial health and operational efficiency. The significant beat on both fronts, coupled with an 8.44% increase in sales compared to the same period last year, suggests a positive outlook for the company's stock in the short term. Investors typically respond well to earnings beats, which can drive stock prices up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100