SEI Investments Co reports results for the quarter ended December 31 - Earnings Summary

• SEI Investments Co SEIC.OQ reported quarterly adjusted earnings of $1.19​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 91 cents. The mean expectation of six analysts for the quarter was for earnings of $1.20 per share. Wall Street expected results to range from $1.16 to $1.25 per share.

• Revenue rose 14.9% to $557.19 million from a year ago; analysts expected $554.61 million.

• SEI Investments Co's reported EPS for the quarter was $1.19​.

• The company reported quarterly net income of $155.77 million.

• SEI Investments Co shares had risen by 2.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for SEI Investments Co is $86.50

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)