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Affiliated Managers (AMG) Q3 Earnings: What's in the Cards?
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Affiliated Managers Group Inc. (AMG - Free Report) is scheduled to announce third-quarter 2018 results on Oct 29, before the opening bell. Its quarterly earnings are expected to remain stable while revenues are projected to grow year over year.
In the last reported quarter, the company’s economic earnings outpaced the Zacks Consensus Estimate. Results were driven by higher revenues and assets under management (AUM) growth, while higher operating expenses were the undermining factor.
Moreover, the company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in eachof the trailing four quarters, the average beat being 1.5%.
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 seasonality to hurt performance fee growth to an extent in the third quarter.
Management expects the ratio of adjusted earnings before interest, taxes, depreciation and amortization to average AUM to be nearly 11.3 basis points for the to-be-reported quarter. Further, other economic items are projected to be around $1 million.
On the cost front, management projects total interest expenses of around $21 million in the third quarter, relatively stable 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 Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
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 -0.51%.
Zacks Rank: Affiliated Managers currently has a Zacks Rank #3, which increases the predictive powerof ESP. But we need to have a positive Earnings ESP to be sure of the positive surprise.
Notably, the Zacks Consensus Estimate for earnings of $3.41 for the third quarter isrelatively flat year over year. Further, the consensus estimate for sales is $607.4 million, indicating growth of 3.7% year over year.
Stocks That Warrant a Look
Here are some finance stocks that you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
Athene Holding Ltd. has an Earnings ESP of +1.62% and sports a Zacks Rank of 1. It is slated to report quarterly numbers on Oct 31.
OneMain Holdings, Inc. (OMF - Free Report) has an Earnings ESP of +1.01% and has a Zacks Rank #3. It is scheduled to report results on Oct 31.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Affiliated Managers (AMG) Q3 Earnings: What's in the Cards?
Affiliated Managers Group Inc. (AMG - Free Report) is scheduled to announce third-quarter 2018 results on Oct 29, before the opening bell. Its quarterly earnings are expected to remain stable while revenues are projected to grow year over year.
In the last reported quarter, the company’s economic earnings outpaced the Zacks Consensus Estimate. Results were driven by higher revenues and assets under management (AUM) growth, while higher operating expenses were the undermining factor.
Moreover, the company boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in eachof the trailing four quarters, the average beat being 1.5%.
Affiliated Managers Group, Inc. Price and EPS Surprise
Affiliated Managers Group, Inc. Price and EPS Surprise | Affiliated Managers Group, Inc. Quote
Factors to Influence Q3 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 seasonality to hurt performance fee growth to an extent in the third quarter.
Management expects the ratio of adjusted earnings before interest, taxes, depreciation and amortization to average AUM to be nearly 11.3 basis points for the to-be-reported quarter. Further, other economic items are projected to be around $1 million.
On the cost front, management projects total interest expenses of around $21 million in the third quarter, relatively stable 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 Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
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 -0.51%.
Zacks Rank: Affiliated Managers currently has a Zacks Rank #3, which increases the predictive powerof ESP. But we need to have a positive Earnings ESP to be sure of the positive surprise.
Notably, the Zacks Consensus Estimate for earnings of $3.41 for the third quarter isrelatively flat year over year. Further, the consensus estimate for sales is $607.4 million, indicating growth of 3.7% year over year.
Stocks That Warrant a Look
Here are some finance stocks that you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
Apollo Global Management, LLC (APO - Free Report) is slated to release results on Oct 31. The company has an Earnings ESP of +12.46% and carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Athene Holding Ltd. has an Earnings ESP of +1.62% and sports a Zacks Rank of 1. It is slated to report quarterly numbers on Oct 31.
OneMain Holdings, Inc. (OMF - Free Report) has an Earnings ESP of +1.01% and has a Zacks Rank #3. It is scheduled to report results on Oct 31.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>