AMG Earnings Prediction
The chart below shows how AMG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMG sees a -0.98% change in stock price 10 days leading up to the earnings, and a -1.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
AMG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
539.20M
-1.64%
3.77%
Gross Margin
--
--
--
Operating Margin
36.94%
-8.75%
-0.91%
Net Margin
34.46%
-33.95%
32.64%
EPS
3.53
-29.40%
64.19%
No Data Available
AMG Earnings Analysis
Affiliated Managers Group Corporation (AMG.N) Earnings Conference Call
Positive
Strong Earnings Growth: A.M.G delivered another quarter of strong results with 18% growth in economic earnings per share, reflecting the ongoing momentum in our business and the positive impact of our capital allocation strategy.
Business Mix Evolution: Our growth strategy continues to drive the evolution of our business mix towards secular growth areas, with alternative strategies meaningfully and increasingly contributing to A.M.G's earnings.
Capital Raising Success: The ongoing demand for our specialized private market strategies accelerated in the quarter, as evidenced by the $7 billion in new capital raised at Pantheon, Forbion, EIG, PepperTree, and Comvest.
Diversified Investment Strategies: In total, our affiliates operate across private markets, liquid alternatives, and differentiated long-only strategies, and this diversified portfolio of high-quality independent partner-owned firms is not only a distinct competitive advantage, it also supports our capacity to continue investing across our opportunity set in the areas of highest growth and return to benefit our shareholders.
Share Repurchase Update: We repurchased $103 million in shares, and on a year-to-date basis, we have now repurchased approximately $580 million, or 10% of our shares outstanding.
Negative
Client Cash Outflows Improvement: A.M.G's net client cash outflows of $3 billion were a significant improvement compared to the year-ago period.
Adjusted EBITDA Increase: A.M.G's adjusted EBITDA of $214 million, up 3% year-over-year, included $5 million in net performance fee earnings.
Earnings Per Share Growth: A.M.G's economic earnings per share of $4.82 further benefited from the impact of share repurchases and grew 18% year-over-year.
Performance Fees Decline: A.M.G's full-year performance fees are anticipated to be below their historical average of $150 million due to underperformance at certain absolute return strategies.
Earnings Per Share Forecast: A.M.G's fourth quarter economic earnings per share are expected to be between $5.94 and $6.17, assuming an adjusted weighted-average share count of 31.3 million shares for the quarter.
AMG FAQs
How does AMG typically perform around its earnings report dates?
Is Affiliated Managers Group, Inc. (AMG) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
AMG Earning Call Sentiment
Affiliated Managers Group, Inc. (AMG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AMG.N
0.3%Positive
The earnings call highlights strong areas like growth in AUM, share repurchases, and a strategic shift towards alternatives. However, concerns such as net client cash outflows, industry headwinds in active equities, and lower performance fees balance these positives. The Q&A reveals optimism about capital deployment but also highlights struggles in certain strategies. The market cap suggests moderate volatility. Overall, the sentiment is mixed, leading to a neutral prediction with potential for slight positive movement if market conditions improve.
