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

Artisan Partners Asset Management

02/05/2023 23:18

* Artisan Partners Asset Management Inc  APAM.N  reported
quarterly adjusted earnings of 64 cents​​ per share for the
quarter ended in March. The mean expectation of six analysts for
the quarter was for earnings of 61 cents per share.
    * Revenue fell 16.7% to $234.50 million from a year ago;
analysts
expected $233.58 million. 
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Artisan Partners Asset Management Inc shares had risen
by 8.1%
this quarter and gained 17.5% so far this year.
    * The company reported quarterly net income of $50.8
million.
    * Wall Street's median 12-month price target for Artisan
Partners
Asset Management Inc is $33.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:17 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.86           0.79           Missed