Brightsphere Investment Group Inc reports results for the quarter ended in January 1 - Earnings Summary

Acadian Asset Management

01/11/2024 03:41

* Brightsphere Investment Group Inc  BSIG.N  reported
quarterly
adjusted earnings of 59 cents​​ per share for the quarter ended
January 1, higher than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
three analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 45 cents to 52
cents per share.
    * Revenue rose 14.7% to $123.10 million from a year ago;
analysts
expected $111.60 million. 
    * Brightsphere Investment Group Inc shares had risen by 3.8%
this
quarter and gained 37.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Brightsphere
Investment Group Inc is 26.00 
This summary was machine generated from LSEG data November 1 at
03:40 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.48           0.59           Beat
 Jun. 30 2024      0.42           0.45           Beat
 Mar. 31 2024      0.41           0.44           Beat
 Dec. 31 2023      0.58           0.77           Beat