• T. Rowe’s first-quarter net revenue surpassed estimates, at $1.75 billion compared to the estimated $1.71 billion.
• It reported an adjusted EPS of $2.38, above the estimated $2.05.
• The assets under management witnessed a positive change of $97.7 billion.
• The adjusted operating expenses were $1.07 billion, lower than the estimated $1.13 billion.
• The effective tax rate stood at 23.5%.
• Advertising and promotion costs were lower than anticipated, at $25.3 million rather than the estimated $27.9 million.
• Analyst sentiment is mixed on T. Rowe, with 0 buys, 10 holds, and 5 sell ratings.
A look at T. Rowe Price Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, T. Rowe Price Group is positioned well for long-term growth and stability. With a strong Dividend score of 4 and Resilience score of 4, the company demonstrates a commitment to rewarding investors and weathering market fluctuations. Additionally, its Momentum score of 4 suggests positive market sentiment and potential for continued upward movement in the future.
While T. Rowe Price Group‘s Value and Growth scores are slightly lower at 3, indicating room for improvement in terms of stock valuation and expansion prospects, the overall outlook remains optimistic. As a financial services holding company catering to both individual and institutional investors, T. Rowe Price Group‘s diverse investment offerings bode well for its ability to navigate varying market conditions and deliver value to stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
