SEI Investments Q2 2023 Earnings Review
The outlook for SEI Investments’ future growth seems promising despite a slower-than-expected EPS (Earnings Per Share) growth in the second quarter of 2023. According to Patrick O’Shaunessy, an analyst at Raymond James, the company’s recent performance was not as robust as expected.
A Slower Q2 Performance
O’Shaunessy highlighted that SEI Investments’ quarterly performance in the stock market was not as strong as anticipated based on previous models. However, he emphasized that this slowdown is unlikely to have a significant impact on the company’s future prospects.
Focus on Ongoing Growth and Attractiveness
The firm believes that SEI Investments will continue to see sustained growth in its sales, with an eye on increasing its investment attractiveness. This suggests that the company remains committed to exploring new opportunities and improving its business model.
Raymond James Maintains a Positive View
Raymond James is maintaining its positive outlook for SEI Investments, expecting it to maintain its strength as a leader in the mutual fund industry. The firm’s analysts will be closely monitoring the company’s future performance and updates on its investment strategy.
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