T Rowe Price Group Inc reports results for the quarter ended in March - Earnings Summary

• T Rowe Price Group Inc TROW reported quarterly adjusted earnings of $2.38​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.69. The mean expectation of twelve analysts for the quarter was for earnings of $2.04 per share. Wall Street expected results to range from $1.92 to $2.18 per share.

• Revenue rose 13.8% to $1.75 billion from a year ago; analysts expected $1.71 billion.

• T Rowe Price Group Inc's reported EPS for the quarter was $2.49​.

• The company reported quarterly net income of $558 million.

• T Rowe Price Group Inc shares had fallen by 10.7% this quarter and gained 1.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 9 "hold" and 4 "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 T Rowe Price Group Inc is $112.50

This summary was machine generated from LSEG data April 26 at 04:26 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)