T. Rowe Price Group (TROW) Tops Q4 EPS by 5c

T. Rowe Price Group (NASDAQ: TROW) reported Q4 EPS of $3.17, $0.05 better than the analyst estimate of $3.12. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.94 billion.

Outlook:

• "While we expect flows to improve from Q4, each of the flow trends we experienced throughout the past year has continued into 2022. As such, we forecast that net flows for 2022 will be below our long-term 1% to 3% growth target. Over time, we expect net flows to return to positive territory as we continue to pursue strategic initiatives to expand our investment capabilities, broaden our distribution reach, and deepen our client partnerships to support long-term growth.

For earnings history and earnings-related data on T. Rowe Price Group (TROW) click here.

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