Analysts on Wall Street project that SEI Investments (SEIC) will announce quarterly earnings of $1.59 per share in its forthcoming report, representing an increase of 22.3% year over year. Revenues are projected to reach $658.54 million, increasing 13.8% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain SEI metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Asset management, administration and distribution fees' should come in at $528.08 million. The estimate suggests a change of +14.3% year over year.
The consensus among analysts is that 'Revenue- Information processing and software servicing fees' will reach $133.25 million. The estimate indicates a year-over-year change of +14.3%.
Analysts predict that the 'Revenue- Private Banks' will reach $159.20 million. The estimate points to a change of +10.6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Investments in New Business' reaching $9.70 million. The estimate points to a change of +18.6% from the year-ago quarter.
Analysts forecast 'Assets under management - Investments in New Business' to reach $3.62 billion. The estimate is in contrast to the year-ago figure of $3.24 billion.
The average prediction of analysts places 'Assets under management - Private Banks' at $34.34 billion. Compared to the present estimate, the company reported $31.21 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Assets under management - LSV - Equity and Fixed Income programs' will likely reach $117.59 billion. Compared to the current estimate, the company reported $95.80 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Assets under management - Institutional Investors' should arrive at $88.17 billion. Compared to the current estimate, the company reported $84.26 billion in the same quarter of the previous year.
The consensus estimate for 'Client assets under administration - Private Banks' stands at 9,479 . Compared to the present estimate, the company reported 8,902 in the same quarter last year.
Analysts expect 'Assets under management - Investment Advisors' to come in at $97.93 billion. Compared to the present estimate, the company reported $88.64 billion in the same quarter last year.
It is projected by analysts that the 'Client assets under administration - Investment Managers' will reach 1,376,131 . Compared to the present estimate, the company reported 1,204,843 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Assets under management - Investment Managers' of $275.64 billion. Compared to the current estimate, the company reported $238.38 billion in the same quarter of the previous year.
View all Key Company Metrics for SEI here>>>Shares of SEI have experienced a change of -0.6% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), SEIC is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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