Earnings Preview: Eaton Vance

Eaton Vance (EV) is expected to report Q3 earnings before market open Wednesday, Aug. 20, with a conference call scheduled for 9:00 am ET.

Guidance

Analysts are looking for EPS of 46c on revenue of $282.04M. The consensus range for EPS is 44c to 47c, while the consensus range for revenue is $271.30M to $290.70M, according to First Call.

Analyst Views

Jefferies on July 22 predicted that Eaton Vance's multiple expansion would be limited over the short-term, due to a slowdown in retail equity flows and the firm's belief that closed-end fund issuance would be sluggish. Eaton Vance reported that its assets under management as of June 30 valued at $156.7B, just below the $159.1B the company had under management on April 30. Meanwhile, the company declared a dividend of 15c per share. The dividend was paid on August 11.