T. Rowe Price Group (NASDAQ:TROW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.79b (up 6.9% from 3Q 2023).
• Net income: US$587.5m (up 33% from 3Q 2023).
• Profit margin: 33% (up from 27% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$2.64 (up from US$1.98 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

T. Rowe Price Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 7.5%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Rowe Price Group that we have uncovered.

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