Ameriprise Financial Services (AMP) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Ameriprise Financial Services (AMP) is expected to report a year-over-year increase in earnings and revenues for the quarter ended March 2024, with a consensus EPS estimate of $8.10, reflecting an 11.7% increase, and revenues projected at $4.16 billion, up 12.6% from the previous year [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on April 22, and the stock price may react positively if actual results exceed expectations, while a miss could lead to a decline [1]. - The consensus EPS estimate has been revised 0.58% higher in the last 30 days, indicating a bullish sentiment among analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP of +0.58% for Ameriprise indicates a likelihood of beating the consensus EPS estimate [5][6]. - The Most Accurate Estimate being higher than the Zacks Consensus Estimate reflects recent analyst optimism regarding the company's earnings prospects [5]. Historical Performance - Ameriprise has a strong track record, having beaten consensus EPS estimates in the last four quarters, including a surprise of +1.04% in the most recent quarter [7]. Industry Context - SEI Investments (SEIC), another player in the financial services sector, is expected to report earnings of $0.97 per share, representing a year-over-year increase of 22.8%, with revenues projected at $505.36 million, up 7.7% [9]. - Despite a positive Zacks Rank of 1 for SEI, its Earnings ESP is 0.00%, making it challenging to predict an earnings beat [9].