Why Affiliated Managers (AMG) is Poised to Beat Earnings Estimates Again

Core Insights - Affiliated Managers Group (AMG) has consistently surpassed earnings estimates, averaging a beat of 8.70% over the last two quarters [1] - In the most recent quarter, AMG reported earnings of $5.37 per share against an expectation of $5.21, resulting in a surprise of 3.07% [1] - For the previous quarter, AMG's earnings were $6.86 per share compared to a consensus estimate of $6, leading to a surprise of 14.33% [1] Earnings Estimates and Predictions - Estimates for AMG have been trending higher, influenced by its history of earnings surprises [2] - The stock has a positive Zacks Earnings ESP of +0.29%, indicating bullish sentiment among analysts regarding its near-term earnings potential [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing nearly 70% success in such cases [2][3] Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A negative Earnings ESP can diminish predictive power but does not necessarily indicate an earnings miss [3] - Monitoring Earnings ESP is crucial for investors to enhance the probability of successful stock movements ahead of quarterly releases [5]