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

Artisan Partners Asset Management

23/04/2024 23:31

* Artisan Partners Asset Management Inc  APAM.N  reported
quarterly adjusted earnings of 76 cents​​ per share for the
quarter ended in March, higher than the same quarter last year,
when the company reported EPS of 64 cents.  The mean expectation
of four analysts for the quarter was for earnings of 77 cents
per share. Wall Street expected results to range from 75 cents
to 84 cents per share.
    * Revenue rose 12.8% to $264.40 million from a year ago;
analysts
expected $270.90 million. 
    * The company reported quarterly net income of $59.5
million.
    * Artisan Partners Asset Management Inc shares had fallen
by 7.0%
this quarter and lost 2.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.5%
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." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Artisan Partners
Asset Management Inc is $43.00 
This summary was machine generated from LSEG data April 23 at
10:31 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      0.77           0.76           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