2024-02-25 09:39:48 ET
Summary
- Envestnet's normalized EPS jumped by +44% YoY to $0.65 in Q4 2023, which translated into a meaningful +23% earnings beat.
- Envestnet sees the company's bottom line growing by a strong +18% YoY in the first quarter of this year.
- My existing Buy rating for Envestnet is intact, as I am impressed with the company's latest quarterly results and forward-looking guidance.
Elevator Pitch
I continue to assign a Buy investment rating to Envestnet ( ENV ) shares.
My previous November 21, 2023 write-up drew attention to ENV's favorable corporate developments. I assess Envestnet's most recent quarterly financial performance with this latest article....
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Envestnet: Still Bullish After Q4 Results Beat