T. Rowe Price Gr Q1 2024 Adj EPS $2.38 Beats $2.04 Estimate, Net Revenues $1.750B Beat $1.715B Estimate
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Gr (TROW) reported Q1 2024 adjusted EPS of $2.38, surpassing the $2.04 estimate, with net revenues of $1.750B exceeding the $1.715B forecast. This represents a 13.78% increase in sales compared to the same period last year.
April 26, 2024 | 11:07 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
T. Rowe Price Gr reported a significant beat on both EPS and revenue estimates for Q1 2024, with a notable year-over-year sales increase.
Beating both EPS and revenue estimates significantly, especially with a double-digit sales growth year-over-year, is a strong indicator of T. Rowe Price's financial health and operational efficiency. This outperformance is likely to instill investor confidence, potentially leading to a positive short-term impact on TROW's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100