| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Outlook
Envestnet provided the following outlook for the fourth quarter and full year ending December 31, 2023. This outlook is based on the market value of assets under management or administration as of September 30, 2023. We caution that we cannot predict the market value of these assets on any future date. See "Cautionary Statement Regarding Forward-Looking Statements."
| In Millions, Except Adjusted EPS | 4Q 2023 | FY 2023 | ||||||||||||||
| GAAP: | ||||||||||||||||
| Revenue: | ||||||||||||||||
| Asset-based | $ | 183.5 | - | $ | 186.5 | $ | 740.1 | - | $ | 743.1 | ||||||
| Subscription-based | 115.5 | - | 117.0 | 462.5 | - | 464.0 | ||||||||||
| Total recurring revenue | 299.0 | - | 303.5 | 1,202.6 | - | 1,207.1 | ||||||||||
| Professional services and other revenue | 10.0 | - | 10.5 | 34.4 | - | 34.9 | ||||||||||
| Total revenue | $ | 309.0 | - | $ | 314.0 | $ | 1,237.0 | - | $ | 1,242.0 | ||||||
| Asset-based direct expense | $ | 109.0 | - | $ | 110.5 | $ | 433.1 | - | $ | 434.6 | ||||||
| Total direct expense | $ | 117.5 | - | $ | 119.0 | $ | 469.5 | - | $ | 471.0 | ||||||
| Net income | (a) | (a) | ||||||||||||||
| Diluted shares outstanding | 66.1 | 66.0 | ||||||||||||||
| Net income per diluted share | (a) | (a) | ||||||||||||||
| Non-GAAP: | ||||||||||||||||
| Adjusted revenue(1): | ||||||||||||||||
| Asset-based | $ | 183.5 | - | $ | 186.5 | $ | 740.1 | - | $ | 743.1 | ||||||
| Subscription-based | 115.5 | - | 117.0 | 462.6 | - | 464.1 | ||||||||||
| Total recurring revenue | 299.0 | - | 303.5 | 1,202.7 | - | 1,207.2 | ||||||||||
| Professional services and other revenue | 10.0 | - | 10.5 | 34.4 | - | 34.9 | ||||||||||
| Total revenue | $ | 309.0 | - | $ | 314.0 | $ | 1,237.1 | - | $ | 1,242.1 | ||||||
| Adjusted EBITDA(1) | $ | 64.5 | - | $ | 68.5 | $ | 245.0 | - | $ | 249.0 | ||||||
| Adjusted net income per diluted share(1) | $ | 0.51 | - | $ | 0.54 | $ | 1.98 | - | $ | 2.01 | ||||||
(a) Envestnet does not forecast net income and net income per diluted share due to the unpredictable nature of various items adjusted for non-GAAP disclosure purposes, including the periodic GAAP income tax provision.
Posted In: ENV
