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Unveiling Ameriprise (AMP) Q3 Outlook: Wall Street Estimates for Key Metrics
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The upcoming report from Ameriprise Financial Services (AMP - Free Report) is expected to reveal quarterly earnings of $11.60 per share, indicating an increase of 16.9% compared to the year-ago period. Analysts forecast revenues of $5.03 billion, representing an increase of 9.1% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Ameriprise metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Management and financial advice fees' will likely reach $3.18 billion. The estimate suggests a change of +13.2% year over year.
The consensus estimate for 'Revenues- Distribution fees' stands at $582.49 million. The estimate suggests a change of +8.1% year over year.
According to the collective judgment of analysts, 'Revenues- Net investment income' should come in at $835.76 million. The estimate indicates a year-over-year change of -9.2%.
Based on the collective assessment of analysts, 'Revenues- Premiums, policy and contract charges' should arrive at $379.91 million. The estimate points to a change of -22.9% from the year-ago quarter.
Analysts expect 'Revenues- Other revenues' to come in at $141.23 million. The estimate points to a change of +8.6% from the year-ago quarter.
Analysts forecast 'Revenues- Asset Management- Other revenues' to reach $5.50 million. The estimate indicates a change of -21.4% from the prior-year quarter.
It is projected by analysts that the 'Total Assets Under Administration' will reach $368.95 million. Compared to the current estimate, the company reported $347.92 million in the same quarter of the previous year.
Analysts predict that the 'Total Assets Under Management - Asset Management AUM' will reach $706.23 million. Compared to the current estimate, the company reported $674.72 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Total Assets Under Management, Administration and Advisement' of $1.76 billion. The estimate is in contrast to the year-ago figure of $1.66 billion.
The average prediction of analysts places 'Total Assets Under Management' at $1.39 billion. Compared to the present estimate, the company reported $1.27 billion in the same quarter last year.
The consensus among analysts is that 'Advice & Wealth Management - Total wrap ending assets' will reach $741.20 billion. Compared to the present estimate, the company reported $650.30 billion in the same quarter last year.
Analysts' assessment points toward 'Total Assets Under Management - Advice & Wealth Management AUM' reaching $725.33 million. Compared to the current estimate, the company reported $646.38 million in the same quarter of the previous year.
Ameriprise shares have witnessed a change of -0.5% in the past month, in contrast to the Zacks S&P 500 composite's -0.8% move. With a Zacks Rank #4 (Sell), AMP is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling Ameriprise (AMP) Q3 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from Ameriprise Financial Services (AMP - Free Report) is expected to reveal quarterly earnings of $11.60 per share, indicating an increase of 16.9% compared to the year-ago period. Analysts forecast revenues of $5.03 billion, representing an increase of 9.1% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Ameriprise metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Management and financial advice fees' will likely reach $3.18 billion. The estimate suggests a change of +13.2% year over year.
The consensus estimate for 'Revenues- Distribution fees' stands at $582.49 million. The estimate suggests a change of +8.1% year over year.
According to the collective judgment of analysts, 'Revenues- Net investment income' should come in at $835.76 million. The estimate indicates a year-over-year change of -9.2%.
Based on the collective assessment of analysts, 'Revenues- Premiums, policy and contract charges' should arrive at $379.91 million. The estimate points to a change of -22.9% from the year-ago quarter.
Analysts expect 'Revenues- Other revenues' to come in at $141.23 million. The estimate points to a change of +8.6% from the year-ago quarter.
Analysts forecast 'Revenues- Asset Management- Other revenues' to reach $5.50 million. The estimate indicates a change of -21.4% from the prior-year quarter.
It is projected by analysts that the 'Total Assets Under Administration' will reach $368.95 million. Compared to the current estimate, the company reported $347.92 million in the same quarter of the previous year.
Analysts predict that the 'Total Assets Under Management - Asset Management AUM' will reach $706.23 million. Compared to the current estimate, the company reported $674.72 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Total Assets Under Management, Administration and Advisement' of $1.76 billion. The estimate is in contrast to the year-ago figure of $1.66 billion.
The average prediction of analysts places 'Total Assets Under Management' at $1.39 billion. Compared to the present estimate, the company reported $1.27 billion in the same quarter last year.
The consensus among analysts is that 'Advice & Wealth Management - Total wrap ending assets' will reach $741.20 billion. Compared to the present estimate, the company reported $650.30 billion in the same quarter last year.
Analysts' assessment points toward 'Total Assets Under Management - Advice & Wealth Management AUM' reaching $725.33 million. Compared to the current estimate, the company reported $646.38 million in the same quarter of the previous year.
View all Key Company Metrics for Ameriprise here>>>Ameriprise shares have witnessed a change of -0.5% in the past month, in contrast to the Zacks S&P 500 composite's -0.8% move. With a Zacks Rank #4 (Sell), AMP is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .