Artisan Partners Asset Management Inc reports results for the quarter ended in December - Earnings Summary

Artisan Partners Asset Management

30/01/2024 22:31

* Artisan Partners Asset Management Inc  APAM.N  reported
quarterly adjusted earnings of 78 cents​​ per share for the
quarter ended in December, higher than the same quarter last
year, when the company reported EPS of 65 cents.  The mean
expectation of four analysts for the quarter was for earnings of
74 cents per share. Wall Street expected results to range from
68 cents to 82 cents per share.
    * Revenue rose 10.2% to $249.00 million from a year ago;
analysts
expected $248.65 million. 
    * Artisan Partners Asset Management Inc's reported EPS for
the
quarter was 92 cents​.
    * The company reported quarterly net income of $64.8
million.
    * Artisan Partners Asset Management Inc shares had fallen
by 3.4%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.7%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Artisan
Partners
Asset Management Inc is $40.50 

This summary was machine generated from LSEG data January 30 at
10:30 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
 Dec. 31 2023      0.74           0.78           Beat
 Sep. 30 2023      0.74           0.75           Beat
 Jun. 30 2023      0.73           0.71           Missed
 Mar. 31 2023      0.61           0.64           Beat