Ameriprise Financial Services (AMP) to Report Q3 Results: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Ameriprise Financial Services (AMP) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $9.60 per share, reflecting an 8.7% increase year-over-year, and revenues of $4.52 billion, which is a 4% increase from the previous year [3]. - The consensus EPS estimate has been revised 2.82% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +2.55% for Ameriprise, suggesting analysts are optimistic about the company's earnings prospects [12]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 2 (Buy) [10]. Historical Performance - In the last reported quarter, Ameriprise exceeded the expected earnings of $9 per share by delivering $9.11, resulting in a surprise of +1.22% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Ameriprise is positioned as a compelling candidate for an earnings beat, but investors should consider other factors that may influence stock performance beyond earnings results [15][17].