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

Artisan Partners Asset Management

31/10/2023 21:31

* Artisan Partners Asset Management Inc  APAM.N  reported
quarterly adjusted earnings of 75 cents​​ per share for the
quarter ended in September, higher than the same quarter last
year, when the company reported EPS of 70 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
72 cents to 76 cents per share.
    * Revenue rose 6.1% to $248.70 million from a year ago;
analysts
expected $245.15 million. 
    * Artisan Partners Asset Management Inc's reported EPS for
the
quarter was 76 cents​.
    * The company reported quarterly net income of $53.1
million.
    * Artisan Partners Asset Management Inc shares had fallen
by 12.8%
this quarter and gained 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
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 $35.50 
This summary was machine generated from LSEG data October 31 at
09:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.74           0.75           Beat
 Jun. 30 2023      0.73           0.71           Missed
 Mar. 31 2023      0.61           0.64           Beat
 Dec. 31 2022      0.62           0.65           Beat