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

Acadian Asset Management

01/08/2024 15:07

* Brightsphere Investment Group Inc  BSIG.N  reported
quarterly
adjusted earnings of 45 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 28 cents.  The mean expectation of
three analysts for the quarter was for earnings of 42 cents per
share. Wall Street expected results to range from 40 cents to 43
cents per share.
    * Revenue rose 13.2% to $109.00 million from a year ago;
analysts
expected $104.90 million. 
    * Brightsphere Investment Group Inc shares had risen
by 18.1% this
quarter and gained 36.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "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 $24.00 
This summary was machine generated from LSEG data August 1 at
02:06 p.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
 Jun. 30 2024      0.42           0.45           Beat
 Mar. 31 2024      0.41           0.44           Beat
 Dec. 31 2023      0.58           0.77           Beat
 Sep. 30 2023      0.30           0.45           Beat