Envestnet (ENV) Q1 Earnings Beat Estimates, Revenues Lag

Published on 5 May 2023 on Zacks via Yahoo Finance

Envestnet (ENV) Q1 Earnings Beat Estimates, Revenues Lag

Envestnet, Inc. ENV reported mixed first-quarter 2023 results with earnings beating the Zacks Consensus Estimate but revenues missing the same.

Adjusted earnings (excluding $1.22 from non-recurring items) came in at 46 cents per share, beating the Zacks Consensus Estimate by 4.6% and our estimate by 2.2%. Adjusted earnings however decreased 2.1% from the year-ago figure.

Total revenues of $298.7 million missed the consensus estimate by 0.8% and our estimate by 0.5%. Revenues decreased 7% on a year-over-year basis.

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Envestnet (ENV) Q1 Earnings Beat Estimates, Revenues Lag

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