Artisan Partners Asset Management (APAM) Q2 Earnings Miss Estimates

分组1 - Artisan Partners Asset Management reported quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.87 per share, but showing an increase from $0.71 per share a year ago, resulting in an earnings surprise of -5.75% [1] - The company posted revenues of $270.8 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.35% and increasing from $242.9 million year-over-year [1] - Over the last four quarters, Artisan Partners has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [1] 分组2 - The stock has underperformed the market, losing about 3% since the beginning of the year compared to the S&P 500's gain of 16.7% [2] - The current consensus EPS estimate for the coming quarter is $0.93 on revenues of $275.78 million, and for the current fiscal year, it is $3.42 on revenues of $1.08 billion [4] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [5]