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New Analysts Initiate Coverage: 3 Stock to Watch
ZACKS· 2024-08-13 13:50
The initiation of coverage by new analysts can provide substantial advantages to investors and exert a notable impact on financial markets. Analysts typically possess specialized knowledge and expertise in particular industries or sectors. Through thorough research and analysis, they offer investors critical insights into a company's financial health, growth potential, competitive standing, and industry trends that are often difficult for individual investors to acquire independently. Compania de Minas Buen ...
BrightSphere Investment (BSIG) - 2024 Q2 - Quarterly Report
2024-08-08 12:05
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 June 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 47-11 ...
BrightSphere Investment (BSIG) - 2024 Q2 - Earnings Call Transcript
2024-08-02 00:41
BrightSphere Investment Group Inc. (NYSE:BSIG) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Melody Huang - Senior Vice President, Director of Finance and Investor Relations Suren Rana - President and Chief Executive Officer Conference Call Participants Michael Cyprys - Morgan Stanley Kenneth Lee - RBC Capital Markets John Dunn - Evercore ISI Operator Welcome to the BrightSphere Investment Group Earnings Conference Call and Webcast for the Second Quarter 2024. During the c ...
BrightSphere Investment (BSIG) - 2024 Q2 - Earnings Call Presentation
2024-08-01 23:42
Contact: Investor Relations ir@bsig.com (617) 369-7300 Exhibit 99.1 BrightSphere Reports Financial and Operating Results for the Second Quarter Ended June 30, 2024 • U.S. GAAP earnings per share of $0.29 for the quarter, compared to $0.27 for Q2'23 • U.S. GAAP net income attributable to controlling interests of $11.0 million for the quarter, compared to $11.4 million for Q2'23 • ENI earnings per share of $0.45 for the quarter, compared to $0.28 for Q2'23 • AUM of $112.6 billion at June 30, 2024 compared to ...
BrightSphere Investment Group (BSIG) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 13:47
BrightSphere Investment Group (BSIG) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.65%. A quarter ago, it was expected that this asset manager would post earnings of $0.34 per share when it actually produced earnings of $0.44, delivering a surprise of 29.41%. Over the last four q ...
BrightSphere Investment (BSIG) - 2024 Q2 - Quarterly Results
2024-08-01 11:37
Contact: Investor Relations ir@bsig.com (617) 369-7300 Exhibit 99.1 BrightSphere Reports Financial and Operating Results for the Second Quarter Ended June 30, 2( . . . . . U.S. GAAP earnings per share of $0.29 for the quarter, compared to $0.27 for Q2'23 U.S. GAAP net income attributable to controlling interests of $11.0 million for the quarter, compared to $11.4 million f ENI earnings per share of $0.45 for the quarter, compared to $0.28 for Q2'23 AUM of $112.6 billion at June 30, 2024 compared to $110.4 b ...
BrightSphere Investment Group (BSIG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-25 15:07
Zacks Consensus Estimate Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Estimate Revisions Trend Estimate revisions ahead of a company's earnings release ...
Has BrightSphere Investment Group (BSIG) Outpaced Other Finance Stocks This Year?
ZACKS· 2024-07-23 14:40
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is BrightSphere Investment Group (BSIG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Within the past quarter, the Zacks Consensus Estimate for BSIG's full-year earnings has moved 4.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. The consensus estimate for BankUnit ...
3 Stocks in Focus as New Analysts Initiate Coverage
ZACKS· 2024-07-23 14:05
To create a prudent investment strategy, it's worthwhile to concentrate on the number of analyst recommendations that have increased in recent weeks. This approach can offer valuable insights into the overall sentiment and potential trajectory of a stock, helping investors make well-informed decisions. Sensus Healthcare: Headquartered in Boca Raton, FL, this company specializes in manufacturing and selling radiation therapy devices to healthcare providers around the globe. SRTS' shares have rallied 173.3% y ...
BrightSphere Investment Group (BSIG) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-06-05 17:01
Core Viewpoint - BrightSphere Investment Group (BSIG) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [2]. - The Zacks rating upgrade indicates a positive outlook on BrightSphere's earnings, likely leading to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - Changes in a company's future earnings potential, as shown by earnings estimate revisions, are strongly correlated with near-term stock price movements [5][7]. - Rising earnings estimates for BrightSphere suggest an improvement in the company's underlying business, which should encourage investors to push the stock price higher [6]. Performance of Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of BrightSphere to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for price movement in the near term [12]. Earnings Estimate Details - BrightSphere is expected to earn $2.22 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 24.7% [9]. - Over the past three months, the Zacks Consensus Estimate for BrightSphere has increased by 9.9%, indicating a positive trend in earnings expectations [9].