Ameriprise Financial Services (AMP) Beats Q1 Earnings Estimates

Core Insights - Ameriprise Financial Services (AMP) reported quarterly earnings of $9.50 per share, exceeding the Zacks Consensus Estimate of $9.12 per share, and up from $8.39 per share a year ago, representing an earnings surprise of 4.17% [1] - The company posted revenues of $4.31 billion for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 1.68%, but an increase from $4.1 billion year-over-year [2] - Ameriprise shares have declined approximately 11.4% year-to-date, compared to a decline of 8.6% for the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $9.11, with expected revenues of $4.37 billion, and for the current fiscal year, the consensus EPS estimate is $37.12 on revenues of $17.65 billion [7] - The trend of estimate revisions for Ameriprise has been unfavorable, leading to a Zacks Rank of 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Financial - Investment Management industry, to which Ameriprise belongs, is currently ranked in the bottom 7% 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 impact Ameriprise's stock performance [5]