Affiliated Managers (US:AMG) ZACKS·2025-10-30 14:01Core Insights - Affiliated Managers Group Inc. (AMG) is expected to report improved third-quarter 2025 results on November 3, with earnings anticipated to rise by 21% year over year [1][9][11] AMG's Recent Developments - In August, AMG agreed to sell its interest in Comvest Partners' private credit business to Manulife Financial Corporation for approximately $285 million, expected to close in Q4 2025 [3] - In July, AMG announced a definitive agreement to acquire a minority stake in Montefiore Investment, enhancing its strategy to partner with leading independent asset managers [4] - Also in July, AMG completed the sale of its equity interest in Peppertree Capital Management for about $240 million, which included $102 million in cash and nearly 2.9 million TPG Class A common shares [5] Management Expectations for Q3 - Management projects adjusted EBITDA in the range of $230-$240 million, considering current AUM levels and lower net performance fees of up to $10 million [6] - Expected net income (controlling interest) is between $121 million and $129 million, with economic earnings per share projected between $5.62 and $5.87 [7][11] Earnings Projections - The Zacks Consensus Estimate for AMG's earnings is $5.83, reflecting a 21% increase from the previous year [11] - The consensus estimate for sales is $521.13 million, indicating nearly 1% growth [11] Earnings Surprise History - AMG has a strong earnings surprise history, surpassing consensus estimates in three of the last four quarters, with an average beat of 3.23% [2]