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Investment Managers' Earnings on Apr 28: BEN, APO, VRTS
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The investment management industry, part of the broader Finance sector, performed decently over the past several quarters. The trend seems to have continued in the first quarter as well.
The asset managers that have reported first-quarter 2017 earnings so far have witnessed growth in their assets under management (AUM) based on strong inflows.
Uncertainties surrounding the implementation of Trump policies and an improving interest rate environment led to a decent trading activity, particularly in the fixed income markets. This might have boosted average asset under management levels for most of the investment managers.
On the other hand, strengthening U.S. dollar might have put pressure on these companies’ fees. In addition, heightened regulatory scrutiny kept the operating background tough for traditional asset managers.
Notably, per our Earnings Outlook, earnings for the investment management industry in the Jan–Mar 2017 quarter are expected to be up 45.7% year over year.
Our quantitative model offers some insights into stocks that are about to report their earnings. Per the model, in order to be confident of an earnings beat, a stock needs to have the right combination of the two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Let’s have a look at the investment management stocks that are expected to report their earnings on Apr 28, before the opening bell:
Franklin Resources, Inc.’s (BEN - Free Report) Zacks Consensus Estimate is pegged at 67 cents for the upcoming release, which indicates a 10.38% year-over-year growth. Also, the company’s earnings estimates remained stable over the last seven days.
The company is expected to witness higher assets under management and benefit from its cost management initiatives. However, we cannot conclusively predict an earnings beat for the quarter as Franklin has a Zacks Rank #3 and Earnings ESP of 0.00%. (Read more: What Awaits Franklin Resources in Q2 Earnings?)
The stock surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 11.8% as reflected in the chart below:
Apollo Global Management, LLC’s (APO - Free Report) Zacks Consensus Estimate is 63 cents for first-quarter 2017. It reflects year-over-year growth of about 450%. Also, the estimates were revised upward by 1.6% over the past seven days. However, it is difficult to conclusively predict an earnings beat as the company has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks Rank #1 (Strong Buy)stocks here.
Notably, the company delivered an average positive earnings surprise of 58.1% in the trailing four quarters as depicted in the chart below:
Apollo Global Management, LLC Price and EPS Surprise
Though Vitrus Investment Partners, Inc. (VRTS - Free Report) currently sports a Zacks Rank #1, we cannot conclusively predict an earnings beat, as the company has an Earnings ESP of 0.00%. Also, the company’s earnings estimates remained stable over the last seven days. However, the Zacks consensus Estimate of $1.62 indicates a 44.64% surge on a year-over-year basis.
The company reported positive surprises in two of the trailing four quarters, with an average beat of 0.5% as shown in the chart below:
Virtus Investment Partners, Inc. Price and EPS Surprise
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Investment Managers' Earnings on Apr 28: BEN, APO, VRTS
The investment management industry, part of the broader Finance sector, performed decently over the past several quarters. The trend seems to have continued in the first quarter as well.
The asset managers that have reported first-quarter 2017 earnings so far have witnessed growth in their assets under management (AUM) based on strong inflows.
Uncertainties surrounding the implementation of Trump policies and an improving interest rate environment led to a decent trading activity, particularly in the fixed income markets. This might have boosted average asset under management levels for most of the investment managers.
On the other hand, strengthening U.S. dollar might have put pressure on these companies’ fees. In addition, heightened regulatory scrutiny kept the operating background tough for traditional asset managers.
Notably, per our Earnings Outlook, earnings for the investment management industry in the Jan–Mar 2017 quarter are expected to be up 45.7% year over year.
Our quantitative model offers some insights into stocks that are about to report their earnings. Per the model, in order to be confident of an earnings beat, a stock needs to have the right combination of the two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Let’s have a look at the investment management stocks that are expected to report their earnings on Apr 28, before the opening bell:
Franklin Resources, Inc.’s (BEN - Free Report) Zacks Consensus Estimate is pegged at 67 cents for the upcoming release, which indicates a 10.38% year-over-year growth. Also, the company’s earnings estimates remained stable over the last seven days.
The company is expected to witness higher assets under management and benefit from its cost management initiatives. However, we cannot conclusively predict an earnings beat for the quarter as Franklin has a Zacks Rank #3 and Earnings ESP of 0.00%. (Read more: What Awaits Franklin Resources in Q2 Earnings?)
The stock surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 11.8% as reflected in the chart below:
Franklin Resources, Inc. Price and EPS Surprise
Franklin Resources, Inc. Price and EPS Surprise | Franklin Resources, Inc. Quote
Apollo Global Management, LLC’s (APO - Free Report) Zacks Consensus Estimate is 63 cents for first-quarter 2017. It reflects year-over-year growth of about 450%. Also, the estimates were revised upward by 1.6% over the past seven days. However, it is difficult to conclusively predict an earnings beat as the company has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks Rank #1 (Strong Buy)stocks here.
Notably, the company delivered an average positive earnings surprise of 58.1% in the trailing four quarters as depicted in the chart below:
Apollo Global Management, LLC Price and EPS Surprise
Apollo Global Management, LLC Price and EPS Surprise | Apollo Global Management, LLC Quote
Though Vitrus Investment Partners, Inc. (VRTS - Free Report) currently sports a Zacks Rank #1, we cannot conclusively predict an earnings beat, as the company has an Earnings ESP of 0.00%. Also, the company’s earnings estimates remained stable over the last seven days. However, the Zacks consensus Estimate of $1.62 indicates a 44.64% surge on a year-over-year basis.
The company reported positive surprises in two of the trailing four quarters, with an average beat of 0.5% as shown in the chart below:
Virtus Investment Partners, Inc. Price and EPS Surprise
Virtus Investment Partners, Inc. Price and EPS Surprise | Virtus Investment Partners, Inc. Quote
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While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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