AssetMark Financial Holdings Inc expected to post earnings of 60 cents a share - Earnings Preview

AssetMark Financial Holdings

29/04/2024 12:53

* AssetMark Financial Holdings Inc  AMK.N   AMK  is expected
to show a rise in quarterly revenue when it reports  results on
May 1 (estimated) for the period ending March 31 2024
    * The Concord California-based  company is expected to
report a
10.6% increase in revenue to $146.604 million from $132.57
million a year ago, according to the mean estimate from 4
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 60 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 $38.70​, above​ its last closing price
of $33.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.57        0.57       0.59      Beat    2.8
 Sep. 30 2023  0.58                   0.62              6.9
 Mar. 31 2023  0.57        0.57       0.55      Missed  -3.5​
 Mar. 31 2023  0.53        0.54       0.53      Missed  -1.4
 ​​Jan.        0.44        0.44       0.46      Beat    5
 1 0001                                                 
 Jan. 1 0001   0.41        0.42       0.47      Beat    12.4​
 Jun. 30 2022  0.40        0.41       0.44      Beat    8.6
 Mar. 31 2022  0.38        0.38       0.39      Beat    2.4
 This summary was machine generated April 29 at 11:53 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)