Waddell & Reed Financial, Inc. (NYSE:WDR) investment management outfit, is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.41 per share from revenue of $ 262.72 million.
Looking ahead, the full year income are expected at $ 1.48 per share on the revenues of $ 1028.41 million.
Previous Quarter Performance
Waddell & Reed Financial, Inc. reported income for the second quarter of $ 0.38 per share, from the revenue of $ 240.03 million. The quarterly earnings dropped 15.56 percent while revenues dropped 10.26 percent compared with the same quarter last year.
Wall street analysts are predicting, WDR to report 2Q20 income of $ 0.32 per share from revenue of $ 242.88 million. The bottom line results beat street analysts by $ 0.06 or 18.75 percent, at the same time, top line results fell short of analysts by $ 2.85 million or 1.17 percent.
Stock Performance
Shares of Waddell & Reed Financial, Inc. traded low $ -0.08 or -0.47 percent on Friday, reaching $ 16.87 with volume of 916.90 thousand shares. Waddell & Reed Financial, Inc. has traded high as $ 17.33 and has cracked $ 16.85 on the downward trend
According to the previous trading day, closing price of $ 16.87, representing a 71.73 % increase from the 52 week low of $ 9.87 and a 5.94 % decrease over the 52 week high of $ 18.02.
The company has a market capital of $ 1.10 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 14.00 target price.
Conference Call
Waddell & Reed Financial, Inc. will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.waddell.com
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.
