Invesco Q2 adjusted EPS beats analyst estimates on record inflows
IVZ•Outlook
- Company did not provide specific guidance for the current quarter or full year
Result drivers
- Record inflows - Net long-term inflows of $45.1 bln, mainly from ETFs, Index, QQQ, China JV and Private Markets, drove AUM growth
- Higher average AUM - Increased average AUM boosted investment management fees and net revenues
- Canadian business sale - Net benefit from sale and restructuring of Canadian fund business reduced general and administrative expenses
Quarterly results and inflows
- Asset manager's Q2 adjusted EPS beat analyst expectations, driven by higher average AUM
- Q2 net long-term inflows reached record $45.1 bln, boosting ending AUM 14% sequentially
- Company repurchased $50 mln of shares and declared $0.215/share quarterly dividend
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Operating Revenue | $1.83 bln | ||
