AllianceBernstein Q1 adjusted EPS meets estimates amid elevated equity outflows

Alliancebernstein Holding LP

28/04/2026 11:24

Overview

U.S. investment manager's Q1 adjusted EPS met analyst expectations

Q1 revenue rose 11% yr/yr; net AUM outflows totaled $7.1 bln

Adjusted operating income and distributions per unit both increased 4% yr/yr

Outlook

Company says market volatility remains elevated amid slower growth and geopolitical instability

Result Drivers

ACTIVE EQUITY OUTFLOWS - Co said elevated outflows from growth-oriented US active equity strategies weighed on results

ALTERNATIVES AND MUNICIPAL INFLOWS - Net inflows into alternatives/multi-asset strategies and municipal bonds helped offset outflows, per CEO Seth Bernstein

HIGHER ADVISORY FEES AND INVESTMENT GAINS - Revenue growth was driven by higher investment advisory base fees, investment gains, and performance-based fees

Company press release: ID:nPn9mmrfHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.20 bln
$894.72 mln (2 Analysts)
Q1 Adjusted EPS
Meet
$0.83
$0.83 (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for AllianceBernstein Holding LP is $38.25, about 0.5% below its April 27 closing price of $38.07

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)