AssetMark Financial Holdings Inc reports results for the quarter ended in March - Earnings Summary

AssetMark Financial Holdings

02/05/2024 12:58

* AssetMark Financial Holdings Inc  AMK.N  reported
quarterly
adjusted earnings of 60 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 53 cents.  The mean expectation of
four analysts for the quarter was for earnings of 60 cents per
share. Wall Street expected results to range from 58 cents to 64
cents per share.
    * Revenue rose 9.7% to $145.41 million from a year ago;
analysts
expected $146.60 million. 
    * AssetMark Financial Holdings Inc's reported EPS for the
quarter
was 50 cents​.
    * The company reported quarterly net income of $37.96
million.
    * AssetMark Financial Holdings Inc shares had fallen by 4.2%
this
quarter and gained 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.8%
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," 3
"hold" and no "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 AssetMark
Financial Holdings Inc is $36.40 
This summary was machine generated from LSEG data May 2 at 11:58
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
 Mar. 31 2024      0.60           0.60           Met
 Dec. 31 2023      0.57           0.59           Beat
 Sep. 30 2023      0.58           0.62           Beat
 Jun. 30 2023      0.57           0.55           Missed