Affiliated Managers Group Inc reports results for the quarter ended in March - Earnings Summary

Affiliated Managers

01/05/2023 14:31

* Affiliated Managers Group Inc  AMG.N  reported quarterly
adjusted earnings of $4.18​​ per share for the quarter ended in
March. The mean expectation of seven analysts for the quarter
was for earnings of $4.16 per share.
    * Revenue fell 14.8% to $517.40 million from a year ago;
analysts
expected $540.08 million. 
    * Affiliated Managers Group Inc's reported EPS for the
quarter was
$3.47​.
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Affiliated Managers Group Inc shares had risen by 1.4%
this
quarter and lost 8.9% so far this year.
    * The company reported quarterly net income of $134.5
million.
    * Wall Street's median 12-month price target for Affiliated
Managers Group Inc is $185.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      4.16           4.18           Beat
 Dec. 31 2022      7.06           7.28           Beat
 Sep. 30 2022      3.93           4.21           Beat
 Jun. 30 2022      3.95           4.03           Beat