Recap: Envestnet Q4 Earnings

Envestnet ENV reported its Q4 earnings results on Thursday, February 24, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Envestnet beat estimated earnings by 2.04%, reporting an EPS of $0.5 versus an estimate of $0.49.

Revenue was up $55.80 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 2.46% increase in the share price the next day.

Here's a look at Envestnet's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.58	0.54	0.61	0.65
EPS Actual	0.61	0.67	0.64	0.69
Revenue Estimate	300.66M	283.74M	273.55M	258.66M
Revenue Actual	303.05M	288.74M	275.11M	263.82M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Envestnet management provided guidance for their next quarter, expecting earnings between $0.44 and $0.45 per share for the next quarter.

This represents a -11.0% in quarter-over-quarter growth for Envestnet, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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