SEI (SEIC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
SEI Investments (SEIC) reported $476.76 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.2%. EPS of $0.87 for the same period compares to $0.77 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $482.16 million, representing a surprise of -1.12%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.87.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how SEI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Assets under management - Institutional Investors: $74.51 billion versus the six-analyst average estimate of $75.21 billion.
Assets under management - LSV - Equity and Fixed Income programs: $83.68 billion versus the six-analyst average estimate of $85.58 billion.
Assets under management - Investments in New Business: $2.22 billion versus the six-analyst average estimate of $2.29 billion.
Assets under management - Investment Advisors: $72.09 billion compared to the $72.88 billion average estimate based on six analysts.
Assets under management - Private Banks: $26.68 billion versus $27.14 billion estimated by six analysts on average.
Revenue- Asset management, administration and distribution fees: $380.59 million versus $381.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
Revenue- Information processing and software servicing fees: $96.17 million versus $99.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.
Revenue- Private Banks: $121.47 million versus the five-analyst average estimate of $126.15 million. The reported number represents a year-over-year change of -1%.
Revenue- Investments in New Business: $5.06 million versus $5.03 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change.
Revenue- Institutional Investors: $70.48 million versus the five-analyst average estimate of $75.25 million. The reported number represents a year-over-year change of -9.9%.
Revenue- Investment Managers: $169.29 million versus $166.32 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
Revenue- Investment Advisors: $110.46 million versus the five-analyst average estimate of $109.58 million. The reported number represents a year-over-year change of +0.8%.
View all Key Company Metrics for SEI here>>>
Shares of SEI have returned -9.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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SEI Investments Company (SEIC) : Free Stock Analysis Report
