BrightSphere Investment (BSIG)

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BrightSphere Investment Group Inc. (BSIG) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-11-22 15:16
Core Viewpoint - BrightSphere Investment Group (BSIG) has shown significant stock performance, with a 17.3% increase over the past month and a 59.3% rise since the beginning of the year, outperforming both the Zacks Finance sector and the Zacks Financial - Investment Management industry [1][2]. Financial Performance - In the last earnings report on October 31, 2024, BSIG reported an EPS of $0.59, exceeding the consensus estimate of $0.52, and beat the revenue estimate by 7.09% [2]. - For the current fiscal year, BSIG is projected to achieve earnings of $2.59 per share on revenues of $497.42 million, reflecting a 45.51% increase in EPS and a 16.6% increase in revenues [3]. - The next fiscal year forecasts earnings of $2.90 per share on revenues of $530.45 million, indicating year-over-year changes of 11.97% and 6.64%, respectively [3]. Valuation Metrics - BSIG currently trades at 11.8X current fiscal year EPS estimates, below the peer industry average of 12.7X, and at 13.6X on a trailing cash flow basis compared to the peer group's average of 11.4X [7]. - The stock has a Value Score of B, a Growth Score of B, and a Momentum Score of C, resulting in a combined VGM Score of A [6]. Zacks Rank - BSIG holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, aligning with the recommendation for investors to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8][9]. Industry Comparison - The Financial - Investment Management industry is performing well, with BSIG and Federated Hermes, Inc. (FHI) both showing strong fundamentals. FHI has a Zacks Rank of 1 and is expected to post earnings of $4.23 per share on revenue of $1.63 billion for the current fiscal year [10][11]. - FHI shares have gained 8.1% over the past month, trading at a forward P/E of 13.26X and a P/CF of 10.86X, indicating favorable conditions within the industry [12].
BrightSphere Investment Group (BSIG) Is Up 6.64% in One Week: What You Should Know
ZACKS· 2024-11-14 18:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
Here is Why Growth Investors Should Buy BrightSphere Investment Group (BSIG) Now
ZACKS· 2024-11-11 18:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores ...
BrightSphere Investment (BSIG) - 2024 Q3 - Quarterly Report
2024-11-07 12:33
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38979 BrightSphere Investment Group Inc. (Exact name of registrant as specified in its charter) Delaware ...
BrightSphere Investment Group Inc. (BSIG) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-11-01 14:16
Core Viewpoint - BrightSphere Investment Group (BSIG) has shown significant stock performance, with a 13.9% increase over the past month and a 37.7% gain since the start of the year, outperforming both the Zacks Finance sector and the Zacks Financial - Investment Management industry [1][2]. Financial Performance - In the last earnings report on October 31, 2024, BSIG reported an EPS of $0.59, exceeding the consensus estimate of $0.52, and beat the revenue estimate by 7.09% [2]. - For the current fiscal year, BSIG is expected to post earnings of $2.40 per share on revenues of $488.84 million, reflecting a 34.83% change in EPS and a 14.59% change in revenues [3]. - For the next fiscal year, the company is projected to earn $2.68 per share on revenues of $526.28 million, indicating year-over-year changes of 11.67% and 7.66%, respectively [3]. Valuation Metrics - BSIG currently trades at 11X current fiscal year EPS estimates, below the peer industry average of 12X, and at 11.8X trailing cash flow compared to the peer group's average of 10.9X [7]. - The stock has a Value Score of B, a Growth Score of B, and a Momentum Score of C, resulting in a combined VGM Score of A [6]. Zacks Rank - BSIG holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, which positions it favorably for investors [8][9]. Industry Comparison - AllianceBernstein Holding L.P. (AB), a peer in the industry, has a Zacks Rank of 2 (Buy) and is expected to post earnings of $3.56 per share on revenue of $3.44 billion for the current fiscal year [10][11]. - The Financial - Investment Management industry is performing well, ranking in the top 8% of all industries, providing a favorable environment for both BSIG and AB [12].
BrightSphere Investment (BSIG) - 2024 Q3 - Earnings Call Presentation
2024-11-01 03:58
Contact: Investor Relations ir@bsig.com (617) 369-7300 Exhibit 99.1 BrightSphere Reports Financial and Operating Results for the Third Quarter Ended September 30, 2024 • U.S. GAAP earnings per share of $0.45 for the quarter, compared to $0.46 for Q3'23 • U.S. GAAP net income attributable to controlling interests of $16.9 million for the quarter, compared to $19.6 million for Q3'23 • ENI earnings per share of $0.59 for the quarter, compared to $0.45 for Q3'23 • AUM of $120.3 billion at September 30, 2024, co ...
BrightSphere Investment (BSIG) - 2024 Q3 - Earnings Call Transcript
2024-11-01 03:58
BrightSphere Investment Group Inc. (NYSE:BSIG) Q3 2024 Earnings Call October 31, 2024 11:00 AM ET Company Participants Melody Huang - Investor Relations Suren Rana - President and Chief Executive Officer Conference Call Participants Kenneth Lee - RBC Capital Markets John Dunn - Evercore ISI Michael Cyprys - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. Welcome to the BrightSphere Investment Group Earnings Conference Call and Webcast for the Third Quarter 2024. [Operator Instructio ...
BrightSphere Investment Group (BSIG) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 13:40
BrightSphere Investment Group (BSIG) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.46%. A quarter ago, it was expected that this asset manager would post earnings of $0.43 per share when it actually produced earnings of $0.45, delivering a surprise of 4.65%.Over the last four qua ...
BrightSphere Investment (BSIG) - 2024 Q3 - Quarterly Results
2024-10-31 11:46
Contact: Investor Relations ir@bsig.com (617) 369-7300 Exhibit 99.1 BrightSphere Reports Financial and Operating Results for the Third Quarter Ended September 30, . U.S. GAAP earnings per share of $0.45 for the quarter, compared to $0.46 for Q3'23 U.S. GAAP net income attributable to controlling interests of $16.9 million for the quarter, compared to $19.6 million f . ENI earnings per share of $0.59 for the quarter, compared to $0.45 for Q3'23 . AUM of $120.3 billion at September 30, 2024, compared to $112. ...
3 Reasons Why Growth Investors Shouldn't Overlook BrightSphere Investment Group (BSIG)
ZACKS· 2024-10-25 17:46
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with BrightSphere Investment Group (BSIG) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [1][5]. Earnings Growth - BrightSphere Investment Group has a historical EPS growth rate of 1.5%, but projected EPS growth for this year is expected to be 34.8%, significantly outperforming the industry average of 12.9% [3]. Asset Utilization Ratio - The asset utilization ratio for BrightSphere Investment Group is 0.81, indicating that the company generates $0.81 in sales for every dollar in assets, which is substantially higher than the industry average of 0.22. Additionally, the company's sales are projected to grow by 14.6% this year, compared to the industry average of 0.9% [4]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for BrightSphere Investment Group, with the Zacks Consensus Estimate for the current year increasing by 3.9% over the past month, indicating strong near-term stock price potential [5]. Overall Assessment - BrightSphere Investment Group has achieved a Growth Score of B and holds a Zacks Rank 1 (Strong Buy), suggesting it is a solid choice for growth investors due to its strong earnings growth, efficient asset utilization, and positive earnings estimate revisions [5].