earnings
confidence high
sentiment negative
materiality 0.75
T. Rowe Price Q1 GAAP EPS $1.83, revenue down 17.5% YoY, net outflows $16.1B
PRICE T ROWE GROUP INC
2023-Q1 EPS reported
$1.83
revenue$1,537,600,000
- GAAP diluted EPS of $1.83 ($1.69 adj), down 24.1% from $2.41 in Q1 2022.
- Net revenues of $1.54B, down 17.5% YoY; investment advisory fees $1.39B (-16.3%).
- Net client outflows of $16.1B; target-date inflows of $7.5B offset by equity outflows of $23.5B.
- AUM of $1.34T, up 5.3% from Q4 2022 but down 13.5% from Q1 2022.
- Quarterly dividend raised for 37th consecutive year (amount not disclosed in release).