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Affiliated Managers (AMG) Beats on Q4 Earnings, Revenue Lags

Have you been eager to see how Affiliated Managers Group Inc.AMG performed in Q4 in comparison with the market expectations? Let's quickly scan through the key facts from this Massachusetts-based global asset management company's earnings release this morning:

An Earnings Beat

Affiliated Managers came out with economic earnings of $3.80 per share, which beat the Zacks Consensus Estimate of $3.70.

Lower operating expenses mainly drove the earnings beat.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for Affiliated Managers depicted optimistic stance prior to the earnings release. The Zacks Consensus Estimate has moved up over the last 7 days.

Also, Affiliated Managers has a decent earnings surprise history. Before posting the earnings beat in Q4 the company delivered positive surprises in three of the prior four quarters.

Affiliated Managers Group, Inc. Price and EPS Surprise

Affiliated Managers Group, Inc. Price and EPS Surprise | Affiliated Managers Group, Inc. Quote

Overall, the company surpassed the Zacks Consensus Estimate by an average of 1% in the trailing four quarters.

Revenue Came In Lower Than Expected

Affiliated Managers posted revenues of $550.3 million, which lagged the Zacks Consensus Estimate of $560.31 million. Also, it compared unfavorably with the year-ago number of $589.8 million.

Key Statistics

Net client cash inflows during 2016 were $7.4 billion.

Assets under management were nearly $688.7 billion as of Dec 31, 2016.

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Affiliated Managers. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .)

Check back later for our full write up on this Affiliated Managers earnings report!

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Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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