SEI Inv Q2 2024 GAAP EPS $1.05 Beats $1.04 Estimate, Sales $518.986M Miss $523.801M Estimate
Portfolio Pulse from Benzinga Newsdesk
SEI Investments (NASDAQ: SEIC) reported Q2 2024 earnings per share (EPS) of $1.05, beating the analyst estimate of $1.04. However, the company's sales of $518.986 million missed the estimate of $523.801 million. EPS increased by 17.98% year-over-year, while sales grew by 6.12%.
July 24, 2024 | 8:03 pm
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SEI Investments reported Q2 2024 EPS of $1.05, beating estimates, but sales of $518.986 million missed expectations. EPS increased by 17.98% year-over-year, while sales grew by 6.12%.
The positive EPS surprise and significant year-over-year growth in EPS are likely to have a positive short-term impact on SEIC's stock price. However, the sales miss may temper the enthusiasm somewhat.
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