NYSE$FHI

Federated Hermes Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Federated Hermes' Q3 2022 earnings were reported, with EPS of $0.78.

Federated Hermes reported Q3 2022 earnings per diluted share of $0.78, compared to $0.73 for the same quarter last year, on net income of $69.5 million, compared to $71.4 million for Q3 2021. Total managed assets were $624.4 billion at Sept. 30, 2022.

  • Q3 2022 earnings per diluted share of $0.78.
  • Board declared $0.27 per share quarterly dividend.
  • Total managed assets were $624.4 billion at Sept. 30, 2022.
  • Net positive sales in equity, fixed-income, and alternative/private markets asset categories were observed.

Headline financials

Total Revenue

$381M

Previous: $327M+16.7%
EPS (adj)

$0.78

Previous: $0.73+6.8%
Capital Expenditures

-$4.09M

Previous: -$7.75M+47.2%
Free Cash Flow

$65.4M

Previous: $63.6M+2.8%
Net Income

$69.5M

Previous: $71.4M-2.6%
Operating Income

$96.8M

Previous: $98.4M-1.6%
Gross Profit

$254M

Previous: $195M+30.8%
Cash & Equivalents

$305M

Previous: $202M+51.0%
Total Assets

$1.97B

Previous: $1.95B+1.3%
Stock-Based Comp

$8.9M

Previous: $6.31M+41.1%

Revenue & EPS history

Federated Hermes · Revenue · Quarterly

$381M

Q3 2022+16.7%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Federated Hermes · $322M total across 3 segments · Q4 2021

  • Advisory Fees
    $224M-15.7%
  • Admin Fees
    $77.7M-1.8%
  • Other Service Fees
    $20.1M+5.1%

Forward guidance

The company's level of business activity and financial results are dependent upon many factors, including market conditions, investment performance and investor behavior.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.1%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.4%

Avg return

30 days after

47%

31 / 66 earnings

Positive

+12.3%

Q3 2012

Best reaction

-12.9%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%-4.3%-3.5%
Q4 2025+0.3%+0.2%+5.6%
Q3 2025+4.5%+6.2%+6.1%
Q1 2025+4.7%+6.0%+9.9%
Q4 2024+0.1%-1.0%-2.5%
Q3 2024+1.6%+4.4%+11.3%
Q2 2024+0.8%+0.3%-1.8%
Q1 2024-6.2%-6.1%-7.0%
Q4 2023+2.2%+5.7%+2.5%
Q3 2023+3.2%+3.8%+3.5%
Q2 2023-6.7%-7.2%-5.1%
Q1 2023-1.0%-1.9%-13.8%
Q4 2022+3.0%+4.6%+3.5%
Q3 2022+10.3%+9.9%+17.7%
Q2 2022-1.2%-1.7%+0.3%
Q1 2022-2.0%+0.4%+18.1%
Q4 2021-0.3%-0.8%+0.3%
Q3 2021+3.7%+6.9%+6.5%
Q2 2021+0.2%-0.1%+6.7%
Q1 2021-4.4%+1.5%+5.6%
Q4 2020-5.7%-4.9%-6.7%
Q3 2020+5.4%+11.1%+22.5%
Q2 2020+6.8%+3.4%-0.5%
Q1 2020-6.4%-3.4%-3.1%
Q4 2019+6.1%+9.7%-15.5%
Q3 2019-4.1%-1.5%+3.8%
Q2 2019+4.9%+3.3%-6.0%
Q1 2019-5.8%-6.9%-6.5%
Q4 2018-1.6%+3.1%+11.7%
Q3 2018+12.2%+16.0%+18.5%
Q2 2018-0.0%+3.2%-1.0%
Q1 2018-12.9%-18.0%-19.9%
Q4 2017+4.3%-0.3%-4.8%
Q3 2017+2.7%+3.9%+4.4%
Q2 2017-4.1%-3.4%-8.5%
Q1 2017-3.9%-4.9%-3.7%
Q4 2016-5.2%-5.7%-1.5%
Q3 2016+1.1%-1.2%+4.4%
Q2 2016-0.1%-1.0%+1.2%
Q1 2016-1.9%
Q4 2015-0.2%
Q3 2015+5.5%
Q2 2015-0.4%
Q1 2015+0.7%
Q4 2014+1.4%
Q3 2014+5.4%
Q2 2014-3.5%
Q1 2014-2.4%
Q4 2013-4.7%
Q3 2013+3.0%
Q2 2013-3.0%
Q1 2013-2.2%
Q4 2012-1.9%
Q3 2012+12.3%
Q2 2012+0.3%
Q1 2012+3.3%
Q4 2011-3.1%
Q4 2008-3.1%
Q3 2011-8.4%
Q2 2011-4.8%
Q1 2011+0.9%
Q4 2010-4.0%
Q3 2010-0.6%
Q2 2010+1.1%
Q4 2009+1.1%
Q1 2010-4.4%

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