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

AssetMark Financial Holdings

01/11/2022 22:27

* AssetMark Financial Holdings Inc  AMK.N  reported
quarterly
adjusted earnings of 47 cents​​ per share for the quarter ended
in September. The mean expectation of seven analysts for the
quarter was for earnings of 42 cents per share.
    * Revenue rose 16.5% to $118.19 million from a year ago;
analysts
expected $133.01 million. 
    * AssetMark Financial Holdings Inc's reported EPS for the
quarter
was 41 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * AssetMark Financial Holdings Inc shares had risen by 13.2%
this
quarter and lost 21.0% so far this year.
    * The company reported quarterly net income of $30.11
million.
    * Wall Street's median 12-month price target for AssetMark
Financial Holdings Inc is $26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
1 at 10:27 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.42           0.47           Beat
 Jun. 30 2022      0.41           0.44           Beat
 Mar. 31 2022      0.38           0.39           Beat
 Dec. 31 2021      0.34           0.34           Met