SEI Investments Set to Report Q3 Earnings: Analysts Expect 23% Growth
Intellectia.AI
SEI Investments (NASDAQ: SEIC) is set to release its earnings report for the quarter ended September 2024. The investment management firm is expected to post quarterly earnings of $1.07 per share, marking a 23% increase from the same quarter last year. Over the past 30 days, the consensus EPS estimate for SEI Investments has been revised upwards by 2% to its current level, reflecting positive sentiment among analysts.
The company's revenues are anticipated to reach $532.11 million, representing an 11.6% rise compared to the previous year. This growth is indicative of SEI Investments' strong performance and ability to capitalize on market opportunities.
As SEI Investments prepares to announce its quarterly results, investors are keen to see if the company will continue its trend of surpassing earnings expectations, similar to its industry peers. The financial sector, particularly the investment management industry, is currently performing well, with the Zacks Industry Rank placing it in the top 41% of over 250 industries. This ranking suggests a favorable environment for companies like SEI Investments.
Investors will be watching closely to see how SEI Investments' earnings and revenue figures compare to these estimates and how the company's performance might influence its stock price. The outcome of this earnings report could provide valuable insights into the company's future growth potential and market positioning.
Stay tuned for SEI Investments' official earnings release to get a comprehensive view of its financial health and strategic direction.
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