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Federated Hermes (FHI)
NYSE:FHI
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.94Last Year’s EPS
0.89Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -3.12%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record-breaking assets under management and strong performance in MDT strategies, along with an expansion of product offerings. However, these positive aspects were balanced by challenges such as decreases in equity and fixed income assets, a reduction in alternative private markets assets, and FX-related expense increases.Company Guidance
In the Federated Hermes Q4 2024 Analyst Call, the company reported a record high in assets under management, totaling $830 billion by the end of the fiscal year. This was primarily driven by money market assets, which reached $630 billion. The equity segment saw a decrease of $4.2 billion due to $2.5 billion in net redemptions and a $1.3 billion FX impact. However, MDT strategies experienced significant growth, with assets increasing by 70% from the previous year to $13 billion, and net sales reaching $3.4 billion in 2024. Fixed income assets decreased by approximately $2.1 billion due to market valuations and net redemptions. The company also highlighted their alternative private markets category, which saw a decrease of $1.8 billion due to FX rates and net redemptions. Federated Hermes has several new funds in the pipeline, including the European Direct Lending III and various private equity funds, indicating a strategic focus on expanding their alternative asset offerings. The call also discussed the positive outlook for money market strategies amid a higher interest rate environment, benefiting from attractive yields compared to traditional bank deposits. Revenue for Q4 increased by 4%, driven by higher revenue from equity and money market assets, despite some FX-related expense increases. Looking ahead, the company anticipates potential net additions in equities, private market strategies, and fixed income, with a continued focus on capturing growth in money market strategies.Record Assets Under Management
Federated Hermes ended 2024 with record assets under management of $830 billion, driven by record money market assets of $630 billion.
Strong Performance in MDT Strategies
MDT strategies reached $13 billion in assets at year-end, up 70% from the previous year. They recorded $3.4 billion in net sales in 2024, significantly increasing from $411 million in 2023.
Expansion of Product Offerings
Launched four active ETFs and a new collective fund in the MDT product set, with assets totaling approximately $424 million as of January 24th.
Positive Start to 2025
Began 2025 with about $3.7 billion in net institutional mandates yet to fund, with expected net additions in equities, private market strategies, and fixed income.
Increase in Total Revenue
Total revenue for Q4 increased by $16.2 million or 4% from the prior quarter, driven by higher revenue from equity and money market assets.
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FHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FHI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $39.44 | $39.46 | +0.05% |
| Oct 24, 2024 | $38.01 | $38.04 | +0.08% |
| Jul 25, 2024 | $34.55 | $34.19 | -1.04% |
| Apr 25, 2024 | $32.00 | $30.73 | -3.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Federated Hermes (FHI) report earnings?
Federated Hermes (FHI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Federated Hermes (FHI) earnings time?
Federated Hermes (FHI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FHI EPS forecast?
FHI EPS forecast for the fiscal quarter 2025 (Q1) is 0.94.
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