FHI Earnings Prediction
The chart below shows how FHI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FHI sees a -0.49% change in stock price 10 days leading up to the earnings, and a +0.36% change 10 days following the report. On the earnings day itself, the stock moves by +0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
FHI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
409.41M
4.37%
1.69%
Gross Margin
--
--
--
Operating Margin
28.99%
-15.04%
-7.17%
Net Margin
-20.48%
-193.39%
-191.27%
EPS
1.08
12.50%
1.89%
No Data Available
FHI Earnings Analysis
Federated Hermes Inc Corporation (FHI.N) Earnings Conference Call
Positive
Record Assets Under Management: Record assets under management reached $830 billion, driven by record money market assets of $630 billion.
Asset Growth Surge: MDT Fundamental Quant Strategies saw a 70% increase in assets year-over-year, totaling $13.0 billion at year-end 2024, with $3.4 billion in net sales for the year.
Q4 Revenue Increase: Total revenue for Q4 increased by $16.2 million or 4% from the prior quarter, primarily due to higher revenue from equity and money market assets.
Record High Money Market Assets: Money market fund assets reached a record high of $462 billion in Q4, contributing to a total increase of $37 billion in money market assets during the quarter.
Future Growth Potential: The company began 2025 with approximately $3.7 billion in net institutional mandates yet to fund, indicating strong future growth potential.
Negative
Equity Asset Decline: Equity assets decreased by $4.2 billion from Q3, primarily due to net redemptions of $2.5 billion and an FX impact of $1.3 billion.
Fixed Income Decline: Fixed income assets fell by approximately $2.1 billion in Q4, driven by market valuation losses of about $1 billion and net redemptions of $950 million.
Private Market Asset Decline: Alternative private market assets decreased by $1.8 billion in Q4, largely due to FX impacts of $1.2 billion and net redemptions of approximately $547 million related to a senior portfolio manager's departure.
Operating Expenses Increase: Q4 operating expenses increased by $17.5 million from Q3, primarily due to $13.8 million in FX-related expense increases as the pound weakened against the dollar.
Fixed Income Outflows: In the first three weeks of Q1, combined fixed income funds and SMAs experienced net redemptions of $28 million, indicating continued outflows in this segment.
FHI FAQs
How does FHI typically perform around its earnings report dates?
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FHI Earning Call Sentiment
Earnings call transcript: Federated Hermes Q4 2024 beats forecasts, stock dips
FHI.N
-1.18%Positive
The earnings call presents mixed signals. While assets under management reached a record high, equity and fixed income assets declined. Management's optimistic outlook on money market strategies and positive net sales in MDT strategies are countered by increased operating expenses due to FX impacts and lowered share repurchase program. The Q&A revealed concerns over market share and institutional mandates. Despite some positive elements, such as a favorable tax rate, the overall sentiment remains neutral due to these offsetting factors and lack of clear guidance on certain issues.
