T. Rowe Price (TROW) closed at $116.11 on the latest trading session, a rise of 2.13% from the prior day’s closing price, outperforming the S&P 500’s 0.22% loss. Over the past month, TROW shares have increased by 8.99%, significantly higher than the Finance sector’s 2.72% gain and the S&P 500’s 1.21% decline.
Looking ahead, T. Rowe Price is set to report earnings of $2.35 per share, reflecting a year-over-year increase of 4.91%, with a revenue expectation of $1.89 billion, a 9.78% rise from the previous year. For the fiscal year, analysts forecast earnings of $9.7 per share and revenue of $7.6 billion, representing a slight decline in earnings of 0.21% and an increase in revenue of 3.87%. Currently, TROW holds a Zacks Rank of #3 (Hold) and trades at a Forward P/E ratio of 11.73.
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