Affiliated Managers Group Inc reports results for the quarter ended in March - Earnings Summary
06/05/2024 14:53
* Affiliated Managers Group Inc AMG.N reported quarterly
adjusted earnings of $5.37 per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $4.18. The mean expectation of six analysts for
the quarter was for earnings of $5.23 per share. Wall Street
expected results to range from $5.19 to $5.30 per share.
* Revenue fell 3.4% to $499.90 million from a year ago;
analysts
expected $526.53 million.
* Affiliated Managers Group Inc's reported EPS for the
quarter was
$4.14.
* The company reported quarterly net income of $149.8
million.
* Affiliated Managers Group Inc shares had fallen by 4.3%
this
quarter and gained 5.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 5.6%
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 "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 May 6 at 01:52
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
Mar. 31 2024 5.23 5.37 Beat
Dec. 31 2023 6.02 6.86 Beat
Sep. 30 2023 3.75 4.08 Beat
Jun. 30 2023 4.23 4.45 Beat