Envestnet Historical Income Statement
| ENV Stock | USD 62.96 0.43 0.68% |
Historical analysis of Envestnet income statement accounts such as Selling General Administrative of 329 M or Total Revenue of 1.3 B can show how well Envestnet performed in making a profits. Evaluating Envestnet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Envestnet's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Envestnet latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Envestnet is a good buy for the upcoming year.
Envestnet |
About Envestnet Income Statement Analysis
Envestnet Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Envestnet shareholders. The income statement also shows Envestnet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Envestnet Income Statement Chart
Envestnet Income Statement is one of the three primary financial statements used for reporting Envestnet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Envestnet revenue and expense. Envestnet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Envestnet's Total Operating Expenses is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 13.4 M in 2024, despite the fact that Income Before Tax is likely to grow to (221.3 M). Add Fundamental
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Envestnet generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Envestnet minus its cost of goods sold. It is profit before Envestnet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Envestnet. It is also known as Envestnet overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Envestnet income statement and is an important metric when analyzing Envestnet profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Envestnet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Envestnet current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envestnet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.At this time, Envestnet's Total Operating Expenses is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 13.4 M in 2024, despite the fact that Income Before Tax is likely to grow to (221.3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 762.8M | 771.3M | 197.5M | 353.5M | Total Revenue | 1.2B | 1.2B | 1.2B | 1.3B |
Envestnet income statement Correlations
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Envestnet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envestnet income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 101.3M | 113.7M | 117.8M | 130.5M | 130.3M | 136.8M | |
| Interest Expense | 28.0M | 27.3M | 9.9M | 16.8M | 25.1M | 26.4M | |
| Selling General Administrative | 536.1M | 559.2M | 604.5M | 706.8M | 654.9M | 329.0M | |
| Total Revenue | 900.1M | 998.2M | 1.2B | 1.2B | 1.2B | 1.3B | |
| Gross Profit | 621.3M | 692.3M | 762.8M | 771.3M | 197.5M | 353.5M | |
| Other Operating Expenses | 916.2M | 978.8M | 1.1B | 1.3B | 1.2B | 1.3B | |
| Operating Income | (16.1M) | 19.4M | 40.5M | (66.0M) | 10.6M | 11.1M | |
| Ebit | (16.1M) | 19.4M | 40.5M | (66.0M) | 10.6M | 11.1M | |
| Ebitda | 85.2M | 133.1M | 158.3M | 64.5M | 140.9M | 147.9M | |
| Cost Of Revenue | 278.8M | 305.9M | 423.7M | 468.5M | 1.0B | 1.1B | |
| Total Operating Expenses | 637.4M | 672.9M | 722.3M | 837.3M | 186.9M | 348.2M | |
| Income Before Tax | (48.1M) | (8.0M) | 20.4M | (78.4M) | (233.0M) | (221.3M) | |
| Total Other Income Expense Net | (32.0M) | (27.5M) | (20.2M) | (12.4M) | (243.6M) | (231.4M) | |
| Net Income | (17.2M) | (2.6M) | 13.3M | (85.5M) | (238.7M) | (226.8M) | |
| Income Tax Expense | (30.9M) | (5.4M) | 7.7M | 7.1M | 12.8M | 13.4M | |
| Net Income Applicable To Common Shares | (16.8M) | (3.1M) | 13.3M | (80.9M) | (72.8M) | (69.2M) | |
| Net Income From Continuing Ops | (17.2M) | (2.6M) | 12.7M | (85.5M) | (98.7M) | (93.7M) | |
| Research Development | 59.9M | 72.1M | 80M | 112M | 140M | 147M | |
| Non Operating Income Net Other | 1.9M | 498K | 4.0M | (3.2M) | (2.9M) | (2.8M) | |
| Minority Interest | (420K) | 466K | (602K) | 4.5M | 6.6M | 7.0M | |
| Tax Provision | (30.9M) | (5.4M) | 7.7M | 7.1M | 24.0M | 25.2M | |
| Interest Income | 3.3M | 1.1M | 16.1M | 12.7M | 6.3M | 6.4M | |
| Net Interest Income | (29.2M) | (30.4M) | (16.1M) | (12.7M) | (18.9M) | (19.8M) | |
| Reconciled Depreciation | 101.3M | 113.7M | 117.8M | 130.5M | 134.4M | 116.0M |
Envestnet Investors Sentiment
The influence of Envestnet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Envestnet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Envestnet's public news can be used to forecast risks associated with an investment in Envestnet. The trend in average sentiment can be used to explain how an investor holding Envestnet can time the market purely based on public headlines and social activities around Envestnet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Envestnet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Envestnet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Envestnet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Envestnet.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Envestnet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Envestnet's short interest history, or implied volatility extrapolated from Envestnet options trading.
Pair Trading with Envestnet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Envestnet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Envestnet will appreciate offsetting losses from the drop in the long position's value.Moving against Envestnet Stock
| 0.93 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.89 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
| 0.84 | PD | Pagerduty Potential Growth | PairCorr |
| 0.83 | QH | QuhuoLtd | PairCorr |
| 0.82 | U | Unity Software Aggressive Push | PairCorr |
The ability to find closely correlated positions to Envestnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envestnet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Envestnet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Envestnet to buy it.
The correlation of Envestnet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Envestnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envestnet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Envestnet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envestnet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Envestnet Stock analysis
When running Envestnet's price analysis, check to measure Envestnet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Envestnet is operating at the current time. Most of Envestnet's value examination focuses on studying past and present price action to predict the probability of Envestnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envestnet's price. Additionally, you may evaluate how the addition of Envestnet to your portfolios can decrease your overall portfolio volatility.
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Is Envestnet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Envestnet. If investors know Envestnet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Envestnet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 6 | Earnings Share (4.38) | Revenue Per Share 22.873 | Quarterly Revenue Growth 0.085 | Return On Assets 0.0138 |
The market value of Envestnet is measured differently than its book value, which is the value of Envestnet that is recorded on the company's balance sheet. Investors also form their own opinion of Envestnet's value that differs from its market value or its book value, called intrinsic value, which is Envestnet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Envestnet's market value can be influenced by many factors that don't directly affect Envestnet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Envestnet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envestnet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envestnet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.