Affiliated Managers Group Inc reports results for the quarter ended in June - Earnings Summary
29/07/2024 17:13
* Affiliated Managers Group Inc AMG.N reported quarterly
adjusted earnings of $4.67 per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $4.45. The mean expectation of six analysts for
the quarter was for earnings of $4.61 per share. Wall Street
expected results to range from $4.58 to $4.68 per share.
* Revenue fell 2.4% to $500.30 million from a year ago;
analysts
expected $518.03 million.
* Affiliated Managers Group Inc's reported EPS for the
quarter was
$2.26.
* The company reported quarterly net income of $76 million.
* Affiliated Managers Group Inc shares had risen by 13.3%
this
quarter and gained 16.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 5.3%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the investment
management & fund operators peer group is also "buy"
Wall Street's median 12-month price target for Affiliated
Managers Group Inc is $191.00
This summary was machine generated from LSEG data July 29 at
04:12 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 4.61 4.67 Beat
Mar. 31 2024 5.23 5.37 Beat
Dec. 31 2023 6.02 6.86 Beat
Sep. 30 2023 3.75 4.08 Beat