A rise in revenues and an increase in asset position support Federated Hermes' (FHI) Q1 earnings. Higher operating costs act as headwinds.
Although the revenue and EPS for Federated Hermes (FHI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Federated Hermes (FHI) delivered earnings and revenue surprises of 0% and 22%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?