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StocksUpdated×2•Originally published 29 April 2026•Updated 30 April 2026•

1 min read

T. Rowe Price Q1 Earnings Beat Estimates Despite Continued Outflows

Key Facts

1Analysts expect T. Rowe Price to report EPS of $2.36 and revenue of $1.87 billion despite disclosed net outflows of $13.7 billion.

2MGM Resorts faces pressures in its BetMGM digital segment despite projected revenue increases from recovering Las Vegas operations.

T. Rowe Price reported robust Q1 results, with adjusted earnings per share reaching $2.52, surpassing analyst estimates of $2.36. While the bottom line impressed, revenue of $1.86 billion slightly missed expectations, and the firm recorded net client outflows of $13.7 billion during the quarter. The company demonstrated its commitment to shareholders by returning $629 million through dividends and share repurchases. Meanwhile, MGM Resorts continues to navigate high customer acquisition costs within its BetMGM digital segment, though recovery trends in Las Vegas remain a positive catalyst. Investors are now weighing T. Rowe Price's earnings resilience against its net outflows while monitoring MGM's hospitality margins.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Updated the story to reflect T. Rowe Price's Q1 earnings beat, revenue miss, net client outflows, and shareholder returns.

Version 1about 1 month ago

What changed: Updated the story to reflect TROW's pre-market share price increase and the growth in investment advisory fees despite a drop in AUM.