Ameriprise Financial Q4 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Earnings Release Date: Ameriprise Financial is set to announce its Q4 earnings on January 29 before market open, with a consensus EPS estimate of $10.31, reflecting a 10.1% year-over-year increase, which could further solidify its leadership in the financial services sector.
- Revenue Expectations: The anticipated revenue for Q4 is $4.74 billion, representing a 1.9% year-over-year growth, indicating the company's ability to maintain stable revenue growth amid economic fluctuations, showcasing its business resilience.
- Historical Performance: Over the past two years, Ameriprise has consistently beaten both EPS and revenue estimates 100% of the time, enhancing investor confidence and potentially driving stock price appreciation.
- Estimate Revisions: In the last three months, EPS estimates have seen 8 upward revisions and 2 downward, while revenue estimates have experienced 4 upward and 2 downward revisions, reflecting analysts' optimistic outlook on the company's future performance.
Analyst Views on AMP
Wall Street analysts forecast AMP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMP is 540.00 USD with a low forecast of 434.00 USD and a high forecast of 653.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
4 Hold
2 Sell
Hold
Current: 498.330
Low
434.00
Averages
540.00
High
653.00
Current: 498.330
Low
434.00
Averages
540.00
High
653.00
About AMP
Ameriprise Financial, Inc. is a diversified financial services company. The Company’s segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments brand. It provides institutional products and services through its institutional sales force. The Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and protection solutions (life and disability income insurance). Retirement Solutions provides variable annuity products by RiverSource Life companies to individual clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
