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

Artisan Partners Asset Management

02/08/2023 04:55

* Artisan Partners Asset Management Inc  APAM.N  reported
quarterly adjusted earnings of 71 cents​​ per share for the
quarter ended in June. The mean expectation of four analysts for
the quarter was for earnings of 73 cents per share.
    * Revenue fell 3.5% to $242.90 million from a year ago;
analysts
expected $245.45 million. 
    * Artisan Partners Asset Management Inc's reported EPS for
the
quarter was 76 cents​.
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Artisan Partners Asset Management Inc shares had risen
by 5.5%
this quarter and gained 41.1% so far this year.
    * The company reported quarterly net income of $53.6
million.
    * Wall Street's median 12-month price target for Artisan
Partners
Asset Management Inc is $37.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 03:54 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.73           0.71           Missed
 Mar. 31 2023      0.61           0.64           Beat
 Dec. 31 2022      0.62           0.65           Beat
 Sep. 30 2022      0.68           0.70           Beat