Waddell & Reed Financial, Inc. (NYSE:WDR) investment management outfit, is expected to report second quarter earnings results, before market open, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.32 per share.
Looking ahead, the full year income are expected at $ 1.33 per share on the revenues of $ 998.83 million.
Previous Quarter Performance
Waddell & Reed Financial, Inc. unwinded income for the first quarter of $ 0.32 per share, from the revenue of $ 263.73 million. The quarterly earnings lowered 5.88 percent while revenues compared with the same quarter last year.
Street analysts expected Waddell & Reed Financial, Inc. to report income of $ 0.31 per share on revenue of $ 257.92 million for the first quarter. The bottom line results beat street analysts by $ 0.01 or 3.23 percent, at the same time, top line results outshined analysts by $ 5.81 million or 2.25 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WDR was $ 15.23, representing a 54.31 % increase from the 52 week low of $ 9.87 and a 16.91 % decrease over the 52 week high of $ 18.33.
The company has a market capital of $ 999.43 million and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
- On 10th July 2020, maintained by Bank of America at Underperform rating, with $ 15.00 target price.
Conference Call
Waddell & Reed Financial, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website services.choruscall.com/links/wdr200728.html
Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios. It also offers fee-based asset allocation investment advisory products to advisors channel customers; distributes business partners variable annuity products, and retirement and life insurance products to advisors channel customers; and sells life insurance and disability products underwritten by various carriers.
