Back to top

Image: Bigstock

Investment Managers' Q3 Earnings Slated on Oct 31: APAM, AMG

Read MoreHide Full Article

Investment management industry, which is part of the broader Finance sector, has been performing decently over the past several quarters. This is been possible due to an encouraging equity market performance over the same period. Notably, S&P 500 gained 4.4% year to date. Also, post Brexit, most of the industry participants witnessed growth in average assets under management.

Results from the investment management companies, which have already reported Q3 results, depict a favorable asset growth trend. Also, the quarter looks strong in terms of trading activity.

However, regulatory restrictions have been creating a challenging backdrop for traditional asset managers. Also, equity markets, which became volatile in the latter half of the quarter, raised concerns regarding the future prospects of the industry as a whole.

Notably, per our Earnings Outlook report, overall earnings for the Finance sector in third-quarter 2016 are expected to be up 14.3% year over year.

Let’s have a look at the investment management stocks that are set to report their earnings on Oct 31.

Artisan Partners Asset Management Inc. (APAM - Free Report) is scheduled to announce results after the market closes. The company has a Zacks Consensus Estimate of 56 cents, reflecting year-over-year growth of 1.82%. Moreover, estimates increased 3.7% over the past 30 days.

However, despite it carrying a Zacks Rank #2 (Buy), we cannot predict an earnings beat this quarter because the company has an Earnings ESP of 0.00%.

Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.

Notably, the company lagged the Zacks Consensus Estimate in all the trailing four quarters as depicted in the chart below:
 

ARTISAN PTNR AM Price and EPS Surprise
 

ARTISAN PTNR AM Price and EPS Surprise | ARTISAN PTNR AM Quote

Affiliated Managers Group Inc. (AMG - Free Report) is slated to announce its results before the opening bell. The company’s past equity investments should continue to boost its top line. Also, performance fees are expected to be lower. However, total interest expenses are expected to rise. (Read more: Affiliated Managers Q3 Earnings: What’s in Store?)

We cannot conclusively predict an earnings beat this quarter, as the company has an Earnings ESP of 0.00% and carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, this stock surpassed the Zacks Consensus Estimate in three of the trailing four quarters as depicted in the chart below:


AFFIL MANAGERS Price and EPS Surprise
 

Confidential: Zacks' Best Investment Ideas

Would you like to see a hand-picked "all-star" selection of investment ideas from the man who heads up Zacks' trading and investing services? Steve Reitmeister knows when key trades are about to be triggered and which of our experts has the hottest hand. Click for his selected trades right now >>.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Affiliated Managers Group, Inc. (AMG) - free report >>

Artisan Partners Asset Management Inc. (APAM) - free report >>

Published in