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Affiliated Managers (AMG) Q1 Earnings: What's in Store?
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Affiliated Managers Group Inc. (AMG - Free Report) is scheduled to announce first-quarter 2018 results on Apr 30, before the opening bell. Its quarterly earnings and revenues are projected to grow year over year.
In the last reported quarter, the company’s earnings outpaced the Zacks Consensus Estimate driven by higher revenues and assets under management (AUM) growth. However, higher operating expenses hurt the results.
Moreover, the company boasts an impressive earning surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 2.1%.
Affiliated Managers Group, Inc. Price and EPS Surprise
Affiliated Managers holds an almost unbeaten track record of buying equity interests in asset management companies with strong performance-oriented products. The past equity investments are expected to continue boosting the company’s top line, driven by the excellent long-term performance of its affiliates.
The company expects performance fees in the first quarter to be in the range of 20-30 cents per share.
Management expects the ratio of adjusted earnings before interest, taxes, depreciation and amortization to average AUM to be in the 13.1-13.5 basis points range for the to-be-reported quarter. Further, other economic items are projected to be around $2 million per quarter.
On the cost front, management projects total interest expenses of around $20 million in the first quarter, relatively stable sequentially. Amortization expenses are projected to be roughly $47 million.
Now, let’s check what our quantitative model predicts.
The chances of Affiliated Managers beating the Zacks Consensus Estimate this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to be confident of an earnings surprise call.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: The Earnings ESP for Affiliated Managers is -0.16%.
Zacks Rank: Affiliated Managers has a Zacks Rank #3, which increases the predictive power of ESP. However, we also need a positive ESP to be confident of an earnings beat.
Notably, the Zacks Consensus Estimate for earnings of $3.88 reflects year-over-year improvement of 20.9%. Further, the Zacks Consensus Estimate for sales is $592.4 million, indicating growth of 8.8% year over year.
Stocks That Warrant a Look
Here are a few finance stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around.
LPL Financial Holdings (LPLA - Free Report) has an Earnings ESP of +1.81% and a Zacks Rank #3. It is slated to report results on May 3.
Eaton Vance Corp. (EV - Free Report) has an Earnings ESP of +0.84% and a Zacks Rank #3. It is scheduled to report results on May 23.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Affiliated Managers (AMG) Q1 Earnings: What's in Store?
Affiliated Managers Group Inc. (AMG - Free Report) is scheduled to announce first-quarter 2018 results on Apr 30, before the opening bell. Its quarterly earnings and revenues are projected to grow year over year.
In the last reported quarter, the company’s earnings outpaced the Zacks Consensus Estimate driven by higher revenues and assets under management (AUM) growth. However, higher operating expenses hurt the results.
Moreover, the company boasts an impressive earning surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 2.1%.
Affiliated Managers Group, Inc. Price and EPS Surprise
Affiliated Managers Group, Inc. Price and EPS Surprise | Affiliated Managers Group, Inc. Quote
Factors to Influence Q1 Results
Affiliated Managers holds an almost unbeaten track record of buying equity interests in asset management companies with strong performance-oriented products. The past equity investments are expected to continue boosting the company’s top line, driven by the excellent long-term performance of its affiliates.
The company expects performance fees in the first quarter to be in the range of 20-30 cents per share.
Management expects the ratio of adjusted earnings before interest, taxes, depreciation and amortization to average AUM to be in the 13.1-13.5 basis points range for the to-be-reported quarter. Further, other economic items are projected to be around $2 million per quarter.
On the cost front, management projects total interest expenses of around $20 million in the first quarter, relatively stable sequentially. Amortization expenses are projected to be roughly $47 million.
Now, let’s check what our quantitative model predicts.
The chances of Affiliated Managers beating the Zacks Consensus Estimate this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to be confident of an earnings surprise call.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: The Earnings ESP for Affiliated Managers is -0.16%.
Zacks Rank: Affiliated Managers has a Zacks Rank #3, which increases the predictive power of ESP. However, we also need a positive ESP to be confident of an earnings beat.
Notably, the Zacks Consensus Estimate for earnings of $3.88 reflects year-over-year improvement of 20.9%. Further, the Zacks Consensus Estimate for sales is $592.4 million, indicating growth of 8.8% year over year.
Stocks That Warrant a Look
Here are a few finance stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around.
Medley Capital Corporation is expected to release results on May 8. It has an Earnings ESP of +2.63% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
LPL Financial Holdings (LPLA - Free Report) has an Earnings ESP of +1.81% and a Zacks Rank #3. It is slated to report results on May 3.
Eaton Vance Corp. (EV - Free Report) has an Earnings ESP of +0.84% and a Zacks Rank #3. It is scheduled to report results on May 23.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>