Affiliated Managers Group (AMG) Beats Q4 Earnings Estimates

Core Viewpoint - Affiliated Managers Group (AMG) reported quarterly earnings of $6.53 per share, exceeding the Zacks Consensus Estimate of $6.02 per share, but down from $6.86 per share a year ago, indicating an earnings surprise of 8.47% [1][2] Financial Performance - The company posted revenues of $524.2 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.17%, compared to $502.7 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [2] Stock Performance - Affiliated Managers shares have declined approximately 1.4% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $5.15, with expected revenues of $533.66 million, and for the current fiscal year, the EPS estimate is $22.83 on revenues of $2.19 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Financial - Investment Management industry, to which Affiliated Managers belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could be a useful metric for investors [5]