AssetMark Financial Holdings Inc expected to post earnings of 57 cents a share - Earnings Preview

AssetMark Financial Holdings

20/02/2024 02:03

* AssetMark Financial Holdings Inc  AMK.N   AMK  is expected
to show a fall in quarterly revenue when it reports  results on
February 21 for the period ending December 31 2023
    * The Concord California-based  company is expected to
report a
16.3% decrease in revenue to $137.34 million from $164.13
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (Sales/Revenue majority basis is
on Net Revenue (Net of Asset-based and Spread-based expenses))
    * ​LSEG's mean analyst estimate for AssetMark Financial
Holdings
Inc is for earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for AssetMark
Financial Holdings Inc is $32.75​, above​ its last closing price
of $32.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.58        0.58       0.62      Beat    6.9
 Jun. 30 2023  0.57        0.57       0.55      Missed  -3.5
 Mar. 31 2023  0.53        0.54       0.53      Missed  -1.4​
 Dec. 31 2022  0.44        0.44       0.46      Beat    5
 ​​Sep.        0.41        0.42       0.47      Beat    12.4
 30 2022                                                
 Jun. 30 2022  0.40        0.41       0.44      Beat    8.6​
 Mar. 31 2022  0.38        0.38       0.39      Beat    2.4
 Dec. 31 2021  0.34        0.34       0.34      Met     -1.1
 This summary was machine generated February 20 at 02:03 GMT. 
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)