Envestnet Set to Release Third Quarter 2023 Results on November 8th
October 28, 2023
🌥️Trending News
Envestnet ($NYSE:ENV), Inc. is an industry-leading provider of financial technology and services to financial advisors and institutions. The company recently announced that it will be releasing their Third Quarter 2023 Results on November 8th. This news has investors and analysts eagerly waiting to see how Envestnet fared during the quarter. The results will give financial advisors and institutions insights into Envestnet’s performance and progress during the quarter, as well as provide guidance for the future. Investors and analysts will be looking to see if Envestnet was able to achieve its goals during the period.
They will also be interested in learning more about the company’s revenue, expenses, as well as its plans for the future. The release of Envestnet’s Third Quarter 2023 Results will be closely watched by investors and analysts alike. It will be a key indicator of the company’s progress and performance, and will provide a valuable insight into where Envestnet stands in the financial technology and services industry.
Share Price
On Thursday, ENVESTNET’s stock opened at $36.2 and closed at $36.5, up by 1.3% from the prior closing price of 36.1. Investors are keeping a close eye on the earnings report in anticipation of further growth for the company. ENVESTNET has been making strategic investments in technology and human capital to further strengthen its competitive advantage. Analysts are expecting solid financial results for the quarter and are optimistic about the company’s long-term growth prospects. Envestnet_Set_to_Release_Third_Quarter_2023_Results_on_November_8th”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Envestnet. More…
| Total Revenues | Net Income | Net Margin |
| 1.21k | -106.44 | -8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Envestnet. More…
| Operations | Investing | Financing |
| 103.66 | -249.78 | -132.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Envestnet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.05k | 1.32k | 13.28 |
Key Ratios Snapshot
Some of the financial key ratios for Envestnet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | 42.0% | -4.5% |
| FCF Margin | ROE | ROA |
| -2.1% | -4.7% | -1.6% |
Analysis
As GoodWhale, we conducted an analysis of ENVESTNET’s wellbeing. Upon using our Star Chart, we classified ENVESTNET as a ‘sloth’, a type of company that has achieved revenue or earnings growth slower than the overall economy. When assessing ENVESTNET’s wellbeing, we determined that the company was strong in particular areas, such as management and innovation, and medium in growth, profitability and asset. However, ENVESTNET was weak in terms of dividend, indicating that it may not be an attractive investment option. We also found that ENVESTNET has an intermediate health score of 6/10 considering its cashflows and debt, and may be able to safely ride out any crisis without the risk of bankruptcy. As such, this company may be of interest to value investors seeking a secure investment option, as well as those looking for businesses with potential for long-term gains. Envestnet_Set_to_Release_Third_Quarter_2023_Results_on_November_8th”>More…
Peers
The competition between Envestnet Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Envestnet Inc has a strong product offering and a loyal customer base.
However, its competitors are not to be underestimated. Liquid Holdings Group Inc, Clearwater Analytics Holdings Inc, and Centergistic Solutions Inc are all viable competitors in the market.
– Liquid Holdings Group Inc ($OTCPK:LIQDQ)
Liquid Holdings Group Inc is a financial technology company that provides an integrated suite of cloud-based solutions for the global hedge fund and active trading markets. The company’s solutions include order and execution management, portfolio and risk management, and compliance and reporting. Liquid Holdings Group Inc is headquartered in New York, New York.
– Clearwater Analytics Holdings Inc ($NYSE:CWAN)
Clearwater Analytics Holdings Inc is a provider of cloud-based software solutions for the global insurance industry. The company’s software solutions are used by insurance companies and other financial institutions to manage their investment portfolios, including risk management and compliance. Clearwater’s software solutions are delivered through a software-as-a-service (SaaS) model and are available on a subscription basis.
Summary
ENVESTNET is set to release its third quarter 2023 financial results on November 8, 2023. Investors can expect to find out how the company’s investments have fared in the quarter. Analysts will be looking to see whether the company was able to generate returns from its portfolio of stocks, bonds, mutual funds, ETFs, and other assets. They will also be interested in potential changes in the firm’s investment strategy and how it may affect performance going forward.
Additionally, they will be evaluating its ability to respond to market conditions and meet its goals for the fiscal year. This will likely give insight into how current and prospective investors should position themselves in the stock market.
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