We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for Affiliated Managers' (AMG) in Q2 Earnings?
Read MoreHide Full Article
Affiliated Managers Group Inc. (AMG - Free Report) is scheduled to announce second-quarter 2018 results on Jul 30, before the opening bell. Its quarterly earnings and revenues are projected to grow year over year.
In the last reported quarter, the company’s earnings outpaced the Zacks Consensus Estimate. Results were driven by higher revenues and assets under management (AUM) growth. However, higher operating expenses were the undermining factor.
Moreover, the company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters, the average beat being 2%.
Affiliated Managers Group, Inc. Price and EPS Surprise
Affiliated Managers holds an almost unbeaten track record of buying equity interests in asset management companies with strong performance-oriented products. The past equity investments are expected to continue boosting the company’s top line, driven by the excellent long-term performance of its affiliates.
The company expects performance fees in the second quarter to be 5-15 cents per share.
Management expects the ratio of adjusted earnings before interest, taxes, depreciation and amortization to average AUM to be nearly 12.1 basis points for the to-be-reported quarter. Further, other economic items are projected to be around $2 million per quarter.
On the cost front, management projects total interest expenses of around $21 million in the second quarter, relatively stable sequentially. Amortization expenses are projected to be roughly $41 million, down sequentially.
Now, let’s check what our quantitative model predicts.
The chances of Affiliated Managers beating the Zacks Consensus Estimate this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to be confident of an earnings surprise call.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Affiliated Managers is 0.00%.
Zacks Rank: Affiliated Managers currently has a Zacks Rank #4 (Sell).
Notably, the Zacks Consensus Estimate for earnings of $3.59 for the to-be-reported quarter reflects a year-over-year improvement of 7.8%. Further, the Zacks Consensus Estimate for sales is $597.7 million, indicating growth of 4.7% year over year.
Waddell & Reed Financial, Inc. is slated to report results on Jul 31.
Credit Acceptance Corporation (CACC - Free Report) is also scheduled to report results on Jul 31.
Medley Capital Corporation is expected to release results on Aug 8.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
What's in Store for Affiliated Managers' (AMG) in Q2 Earnings?
Affiliated Managers Group Inc. (AMG - Free Report) is scheduled to announce second-quarter 2018 results on Jul 30, before the opening bell. Its quarterly earnings and revenues are projected to grow year over year.
In the last reported quarter, the company’s earnings outpaced the Zacks Consensus Estimate. Results were driven by higher revenues and assets under management (AUM) growth. However, higher operating expenses were the undermining factor.
Moreover, the company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters, the average beat being 2%.
Affiliated Managers Group, Inc. Price and EPS Surprise
Affiliated Managers Group, Inc. Price and EPS Surprise | Affiliated Managers Group, Inc. Quote
Factors to Influence Q2 Results
Affiliated Managers holds an almost unbeaten track record of buying equity interests in asset management companies with strong performance-oriented products. The past equity investments are expected to continue boosting the company’s top line, driven by the excellent long-term performance of its affiliates.
The company expects performance fees in the second quarter to be 5-15 cents per share.
Management expects the ratio of adjusted earnings before interest, taxes, depreciation and amortization to average AUM to be nearly 12.1 basis points for the to-be-reported quarter. Further, other economic items are projected to be around $2 million per quarter.
On the cost front, management projects total interest expenses of around $21 million in the second quarter, relatively stable sequentially. Amortization expenses are projected to be roughly $41 million, down sequentially.
Now, let’s check what our quantitative model predicts.
The chances of Affiliated Managers beating the Zacks Consensus Estimate this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to be confident of an earnings surprise call.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Affiliated Managers is 0.00%.
Zacks Rank: Affiliated Managers currently has a Zacks Rank #4 (Sell).
Notably, the Zacks Consensus Estimate for earnings of $3.59 for the to-be-reported quarter reflects a year-over-year improvement of 7.8%. Further, the Zacks Consensus Estimate for sales is $597.7 million, indicating growth of 4.7% year over year.
Here are a few finance stocks that are slated to release their quarterly results in the coming days. Each of the stocks carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Waddell & Reed Financial, Inc. is slated to report results on Jul 31.
Credit Acceptance Corporation (CACC - Free Report) is also scheduled to report results on Jul 31.
Medley Capital Corporation is expected to release results on Aug 8.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>