AllianceBernstein Holding L.P. (AB) Hits Fresh High: Is There Still Room to Run?

Company Performance - AllianceBernstein (AB) shares have increased by 4% over the past month, reaching a new 52-week high of $42.2 [1] - Year-to-date, AB has gained 13.3%, outperforming the Zacks Finance sector's 9.8% gain and the Zacks Financial - Investment Management industry's -1% return [1] Earnings and Revenue - AB has consistently exceeded earnings estimates, reporting EPS of $0.8 against a consensus estimate of $0.78 in its last earnings report [2] - For the current fiscal year, AB is expected to post earnings of $3.32 per share on revenues of $3.52 billion, reflecting a 2.15% change in EPS and a -0.22% change in revenues [3] - For the next fiscal year, earnings are projected to be $3.69 per share on revenues of $3.85 billion, indicating year-over-year changes of 11.34% and 9.33%, respectively [3] Valuation Metrics - AB currently trades at 12.7X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 12X [7] - The stock has a trailing cash flow basis of 12.5X, matching its peer group's average [7] - AB's PEG ratio stands at 1.65, which does not place it among the top stocks from a value perspective [7] Zacks Rank and Style Scores - AB holds a Zacks Rank of 1 (Strong Buy) due to a solid earnings estimate revision trend [8] - The stock has a Value Score of B, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of A [6] Industry Comparison - The Financial - Investment Management industry is performing well, ranking in the top 6% of all industries [12] - SEI Investments Company (SEIC), a peer, has a Zacks Rank of 1 (Strong Buy) and is expected to post earnings of $4.91 per share on revenues of $2.27 billion for the current fiscal year [10][11]