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T Rowe Price (TROW)
NASDAQ:TROW
Holding TROW?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.2Last Year’s EPS
1.72Same Quarter Last Year
Moderate Sell
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 4.12%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were significant achievements such as the increase in assets under management, strong long-term investment performance, and record capital raising in alternatives, these were countered by challenges like significant net outflows, particularly due to a large VA termination, and a decline in U.S. equity products affecting overall performance. The sentiment reflects a company making progress but facing notable headwinds.Company Guidance
During T. Rowe Price's third quarter 2024 earnings call, the company provided guidance on several key metrics. The firm ended the quarter with $1.63 trillion in assets under management, reflecting a 3.9% increase from June 30, despite experiencing $12.2 billion in net outflows. The firm anticipates further outflows in the fourth quarter, primarily due to a large sub-advised variable annuity termination, but expects 2024 net outflows to be less than half of 2023 levels when excluding this impact. Adjusted earnings per share rose to $2.57, an 18% increase from the same quarter last year, supported by higher average AUM and a lower effective tax rate. T. Rowe Price's ETF business saw net inflows of nearly $1 billion, bringing total AUM to over $6.5 billion as of September 30. In the retirement segment, the firm launched two new offerings—Personalized Retirement Manager and Managed Lifetime Income—to strengthen its leadership position. The company also reported $5.5 billion in new capital commitments for its alternatives business, highlighting robust growth prospects moving forward.Increase in Assets Under Management
Assets under management increased by 3.9% to $1.63 trillion from June 30, despite $12.2 billion in net outflows.
Strong Long-term Investment Performance
Over 90% of target date assets are in the top quartile for the 5-, 10-, and 15-year time periods on an AUM basis.
Record Capital Raising in Alternatives
OHA had a record quarter of capital raising, with $5.5 billion in new capital commitments, bringing the year-to-date number to over $9 billion.
Increase in Adjusted Earnings Per Share
Adjusted EPS of $2.57 for Q3 2024 is up over 18% from Q3 of last year, driven by higher average AUM, higher adjusted operating income, and a lower effective tax rate.
Growth in Retirement Solutions
Launch of innovative retirement solutions like Personalized Retirement Manager and Managed Lifetime Income, designed to provide tailored asset allocation and stable monthly income for life.
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TROW 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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TROW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $108.73 | $110.91 | +2.00% |
| Jul 26, 2024 | $112.95 | $109.62 | -2.95% |
| Apr 26, 2024 | $105.31 | $110.33 | +4.77% |
| Feb 08, 2024 | $105.06 | $104.27 | -0.75% |
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 T Rowe Price (TROW) report earnings?
T Rowe Price (TROW) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is T Rowe Price (TROW) earnings time?
T Rowe Price (TROW) earnings time is at Feb 05, 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 TROW EPS forecast?
TROW EPS forecast for the fiscal quarter 2024 (Q4) is 2.2.
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