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Ameriprise (AMP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, Ameriprise Financial Services (AMP - Free Report) reported revenue of $3.92 billion, up 10.5% over the same period last year. EPS came in at $7.68, compared to $6.43 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing a surprise of -1.11%. The company delivered an EPS surprise of +1.32%, with the consensus EPS estimate being $7.58.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ameriprise performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Assets Under Management - Asset Management AUM: $587.17 million versus the four-analyst average estimate of $613.27 million.
Total Assets Under Management - Corporate & Other AUM: $0.35 million compared to the $0.25 million average estimate based on three analysts.
AWM - Total Wrap Accounts - Total wrap ending assets: $444.06 billion compared to the $463.94 billion average estimate based on three analysts.
Total Assets Under Management: $990.43 million versus $1.03 billion estimated by three analysts on average.
Revenues- Net investment income: $809 million compared to the $725.97 million average estimate based on five analysts. The reported number represents a change of +131.8% year over year.
Revenues- Premiums, policy and contract charges: $390 million versus $385.68 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
Revenues- Distribution fees: $463 million versus $595.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.5% change.
Revenues- Management and financial advice fees: $2.29 billion versus $2.30 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
Revenues- Other revenues: $127 million versus $129.77 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
Revenues- Asset Management: $826 million versus the three-analyst average estimate of $839.98 million. The reported number represents a year-over-year change of +0.4%.
Revenues- Advice and Wealth Management- Distribution fees: $552 million versus the three-analyst average estimate of $618.52 million. The reported number represents a year-over-year change of -4.7%.
Revenues- Advice and Wealth Management- Management, financial advice and service fees: $1.42 billion versus $1.43 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
Shares of Ameriprise have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Ameriprise (AMP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Ameriprise Financial Services (AMP - Free Report) reported revenue of $3.92 billion, up 10.5% over the same period last year. EPS came in at $7.68, compared to $6.43 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing a surprise of -1.11%. The company delivered an EPS surprise of +1.32%, with the consensus EPS estimate being $7.58.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ameriprise performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Assets Under Management - Asset Management AUM: $587.17 million versus the four-analyst average estimate of $613.27 million.
- Total Assets Under Management - Corporate & Other AUM: $0.35 million compared to the $0.25 million average estimate based on three analysts.
- AWM - Total Wrap Accounts - Total wrap ending assets: $444.06 billion compared to the $463.94 billion average estimate based on three analysts.
- Total Assets Under Management: $990.43 million versus $1.03 billion estimated by three analysts on average.
- Revenues- Net investment income: $809 million compared to the $725.97 million average estimate based on five analysts. The reported number represents a change of +131.8% year over year.
- Revenues- Premiums, policy and contract charges: $390 million versus $385.68 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
- Revenues- Distribution fees: $463 million versus $595.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8.5% change.
- Revenues- Management and financial advice fees: $2.29 billion versus $2.30 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Revenues- Other revenues: $127 million versus $129.77 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
- Revenues- Asset Management: $826 million versus the three-analyst average estimate of $839.98 million. The reported number represents a year-over-year change of +0.4%.
- Revenues- Advice and Wealth Management- Distribution fees: $552 million versus the three-analyst average estimate of $618.52 million. The reported number represents a year-over-year change of -4.7%.
- Revenues- Advice and Wealth Management- Management, financial advice and service fees: $1.42 billion versus $1.43 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
View all Key Company Metrics for Ameriprise here>>>Shares of Ameriprise have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.