Invesco: Q2 Earnings Insights

Shares of Invesco IVZ moved lower by 3.6% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 46.15% over the past year to $0.35, which missed the estimate of $0.42.

Revenue of $1,034,000,000 rose by 0.19% from the same period last year, which beat the estimate of $1,020,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.invesco.com%2Finvestor-relations%2Finvestor-center%2Fdefault.aspx&eventid=2395740&sessionid=1&key=8F09C09ED9BCA77C3039809B40456450&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $19.62

Company's 52-week low was at $6.38

Price action over last quarter: Up 37.31%

Company Overview

Invesco provides investment management services to retail (67% of managed assets) and institutional (33%) clients. At the end of May 2020, the firm had $1.143 trillion in assets under management spread out among its equity (47% of AUM), balanced (5%), fixed-income (23%), alternative investment (15%), and money market (10%) operations. Passive products accounted for 25% of Invesco's total AUM--42% of the company's equity operations and 15% of its fixed-income platform--at the end of May 2020. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of the U.S., with just over 30% of its AUM sourced from Canada (2%), the U.K. (5%), continental Europe (12%), and Asia (11%).