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T Rowe Price (TROW)
NASDAQ:TROW
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.27Last Year’s EPS
2.38Same Quarter Last Year
Moderate Sell
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -6.11%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in reducing net outflows, growth in the ETF business, and strong financial performance. However, challenges remain with continued net outflows, fee compression, and difficulties in generating alpha in a challenging market environment. Overall, the sentiment reflects cautious optimism with ongoing strategic initiatives to address these challenges.Company Guidance
During the T. Rowe Price Fourth Quarter 2024 earnings call, the company provided guidance highlighting an optimistic outlook for 2025, aiming to reduce net outflows further and potentially return to organic growth. For 2024, T. Rowe Price reported $1.6 trillion in assets under management and $43.2 billion in net outflows, significantly improved from previous years. Key highlights included the growth of their ETF business, which ended the year with nearly $8 billion in AUM, and strong net inflows of $16.3 billion in their target date franchise. The company's adjusted diluted earnings per share for Q4 was $2.12, contributing to a 23% increase in full-year adjusted diluted EPS to $9.33. They also noted a 10.1% increase in full-year adjusted revenue to $7.2 billion, driven by strong equity markets and higher average AUM. T. Rowe Price emphasized its commitment to returning capital to stockholders, with $1.4 billion returned in 2024, and plans to continue prioritizing dividends and potential strategic investments. The guidance also included expectations for 2025 adjusted operating expenses to rise 4 to 6% over 2024, considering real estate costs from moving into new headquarters.Reduced Net Outflows
Net outflows for the year were $43.2 billion, a reduction by nearly half year over year and 30% from 2022.
Growth in ETF Business
The ETF business saw significant growth, closing the year with almost $8 billion in assets under management.
Target Date Franchise Leadership
The target date franchise led the industry with net inflows of $16.3 billion for the year.
Positive Net Flows in Fixed Income and Alternatives
Fixed income and alternatives had positive net flows for the fourth quarter and full year.
Strong Financial Performance
Full-year adjusted diluted EPS was $9.33, up 23% from 2023, with Q4 adjusted net revenue of $1.8 billion.
Expansion of Strategic Partnerships
Expanded strategic partnerships providing access to an additional ten thousand financial advisors and two million end clients.
Strong Client Satisfaction Scores
Client satisfaction scores remain strong across client types.
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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 |
|---|---|---|---|
| Feb 05, 2025 | $115.55 | $110.70 | -4.20% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is T Rowe Price (TROW) earnings time?
T Rowe Price (TROW) earnings time is at Apr 24, 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 2025 (Q1) is 2.27.
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