Eaton Vance Corporation (NYSE:EV) investment funds and asset manager, is reporting fourth quarter earnings results on Tuesday 24th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.87 per share.
For the full year, analysts predict revenues of $ 1721.72 million, while looking forward to income of $ 3.35 per share.
Previous Quarter Performance
Eaton Vance Corporation reported income for the third quarter of $ 0.82 per share, from the revenue of $ 420.82 million. The quarterly earnings dropped 8.89 percent compared with the same quarter last year. Street analysts expected Eaton Vance Corporation to report income of $ 0.78 per share on revenue of $ 406.23 million for the third quarter. The bottom line results beat street analysts by $ 0.04 or 5.13 percent, at the same time, top line results outshined analysts by $ 14.59 million or 3.59 percent.
Stock Performance
Shares of Eaton Vance Corporation traded up $ 1.41 or 2.15 percent on Monday, reaching $ 67.07 with volume of 1.25 million shares. Eaton Vance Corporation has traded high as $ 67.35 and has cracked $ 66.05 on the downward trend
According to the previous trading day, closing price of $ 67.07, representing a 178.34 % increase from the 52 week low of $ 23.59 and a 2.51 % decrease over the 52 week high of $ 67.35.
The company has a market capital of $ 7.72 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 1st October 2020, upgraded by Deutsche Bank to Buy from Hold rating, with $ 45.00 target price.
Conference Call
Eaton Vance Corporation will be hosting a conference call at 11:00 AM eastern time on 24th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 866-521-4909 Toll Free or 647-427-2311 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.eatonvance.com
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.
