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Have you been eager to see how AllianceBernstein Holding L.P. (AB - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based premier global investment and advisory firm’s earnings release this morning:
An Earnings Beat
AllianceBernstein came out with earnings of 69 cents per unit, which beat the Zacks Consensus Estimate of 62 cents.
Significant rise in revenues primarily aided earnings.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for AllianceBernstein depicted optimism stance prior to the earnings release. The Zacks Consensus Estimate has revised 3.3% upward over the last 30 days.
Also, AllianceBernstein has an impressive earnings surprise history. Before posting the earnings beat in Q3, the company delivered positive surprises in three of the four trailing quarters.
AllianceBernstein Holding L.P. Price and EPS Surprise
AllianceBernstein posted net revenues of $727.1 million, which outpaced the Zacks Consensus Estimate of $716.2 million. Also, the figure increased 9.7% from the prior-year quarter.
Key Stats to Note:
Total assets under management stood at $550.4 billion as of Sep 30, 2018.
Inflows were $1.3 billion in the quarter.
Adjusted operating expenses increased 3% year over year to $511 million
Repurchased 1.6 million units for $48 million
What Zacks Rank Says
AllianceBernstein currently carries a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this AllianceBernstein earnings report!
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
AllianceBernstein (AB) Earnings & Revenues Beat Q3 Estimates
Have you been eager to see how AllianceBernstein Holding L.P. (AB - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based premier global investment and advisory firm’s earnings release this morning:
An Earnings Beat
AllianceBernstein came out with earnings of 69 cents per unit, which beat the Zacks Consensus Estimate of 62 cents.
Significant rise in revenues primarily aided earnings.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for AllianceBernstein depicted optimism stance prior to the earnings release. The Zacks Consensus Estimate has revised 3.3% upward over the last 30 days.
Also, AllianceBernstein has an impressive earnings surprise history. Before posting the earnings beat in Q3, the company delivered positive surprises in three of the four trailing quarters.
AllianceBernstein Holding L.P. Price and EPS Surprise
AllianceBernstein Holding L.P. Price and EPS Surprise | AllianceBernstein Holding L.P. Quote
Revenue Came In Better Than Expected
AllianceBernstein posted net revenues of $727.1 million, which outpaced the Zacks Consensus Estimate of $716.2 million. Also, the figure increased 9.7% from the prior-year quarter.
Key Stats to Note:
What Zacks Rank Says
AllianceBernstein currently carries a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this AllianceBernstein earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>