The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. This investment management firm is expected to post quarterly earnings of $1.12 per share in its upcoming report, which represents a year-over-year change of +0.9%. Victory Capital Holdings (VCTR), another stock in the same industry, has yet to report results for the quarter ended June 2023. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Artisan partners asset plus#
In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 38% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Artisan Partners has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Īrtisan Partners shares have added about 39.7% since the beginning of the year versus the S&P 500's gain of 19.5%. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $251.4 million. Over the last four quarters, the company has surpassed consensus EPS estimates three times.Īrtisan Partners, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $242.9 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 2.89%. A quarter ago, it was expected that this investment management firm would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%. This quarterly report represents an earnings surprise of 16.39%.
These figures are adjusted for non-recurring items.
This compares to earnings of $0.79 per share a year ago. Artisan Partners Asset Management (APAM) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.61 per share.
0 kommentar(er)
