Artisan Partners Asset Management Inc reports results for the quarter ended in September 30 - Earnings Summary

Artisan Partners Asset Management

30/10/2024 02:52

* Artisan Partners Asset Management Inc  APAM.N  reported
quarterly adjusted earnings of 92 cents​​ per share for the
quarter ended September 30, higher than the same quarter last
year, when the company reported EPS of 75 cents.  The mean
expectation of four analysts for the quarter was for earnings of
90 cents per share. Wall Street expected results to range from
87 cents to 91 cents per share.
    * Revenue rose 12.4% to $279.60 million from a year ago;
analysts
expected $279.70 million. 
    * The company reported quarterly net income of $72.9
million.
    * Artisan Partners Asset Management Inc shares had risen
by 2.7%
this quarter and gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 40.50 
This summary was machine generated from LSEG data October 30 at
02:51 a.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
 Sep. 30 2024      0.90           0.92           Beat
 Jun. 30 2024      0.85           0.82           Missed
 Mar. 31 2024      0.77           0.76           Missed
 Dec. 31 2023      0.74           0.78           Beat