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IGM Financial (TSE:IGM)
TSX:IGM
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.03Last Year’s EPS
0.94Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 3.09%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive overall performance with significant asset growth, high adjusted EPS, and strategic expansions in Wealthsimple, Rockefeller, and Northleaf. Despite some challenges, particularly with Mackenzie's net redemptions and China AMC's fee reductions, the company's strong financial health and asset growth contribute to a positive sentiment.Company Guidance
In the fourth quarter of 2024, IGM Financial demonstrated strong financial performance with adjusted EPS of $1.05, marking a 22% increase compared to the previous year, making it the second-best fourth quarter on record. The company returned over $650 million of capital to shareholders throughout the year, including $180 million in the fourth quarter alone through dividends and share repurchases. IGM's client assets grew significantly, reaching over $480 billion by year-end, driven by a 24% increase in client assets, with core businesses IG Wealth and Mackenzie Investments accounting for a large portion of this growth. The financial markets were strong, contributing to a 15.5% average client return for IG and Mackenzie. Looking ahead to 2025, IGM plans to continue investing in its wealth and asset management segments, leveraging its adviser platform, and maintaining its strong dividend and share repurchase program.Strong Financial Performance
Adjusted EPS of $3.95, up 12% year-over-year, and $1.05 in Q4, up 22% year-over-year. This marks the second highest year on record for EPS.
Asset Growth
Client assets grew by 24%, reaching over $480 billion. Record high AUM&A and strong inflows in IG Wealth and Mackenzie segments.
Recognition and Awards
IGM Financial was recognized as a top sustainable company and one of Canada's top employers.
Wealthsimple Growth
Wealthsimple AUA increased by 106% year-over-year, setting a new quarterly record with $11.9 billion in growth.
Rockefeller and Northleaf Expansion
Rockefeller added 54 new advisers and saw a 24% increase in client assets. Northleaf secured $4.9 billion in new commitments, expanding its global distribution.
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TSE:IGM 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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TSE:IGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | C$44.66 | C$44.40 | -0.58% |
| Nov 07, 2024 | C$42.83 | C$43.84 | +2.35% |
| Aug 07, 2024 | C$35.55 | C$35.21 | -0.96% |
| May 02, 2024 | C$34.30 | C$36.44 | +6.24% |
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 IGM Financial (TSE:IGM) report earnings?
IGM Financial (TSE:IGM) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is IGM Financial (TSE:IGM) earnings time?
IGM Financial (TSE:IGM) earnings time is at May 01, 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 TSE:IGM EPS forecast?
TSE:IGM EPS forecast for the fiscal quarter 2025 (Q1) is 1.03.
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