Asset management company Affiliated Managers Group (NYSE: AMG) will be reporting earnings this Monday before the bell. Here’s what investors should know.
Affiliated Managers Group missed analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $493.2 million, down 1.4% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates.
Is Affiliated Managers Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Affiliated Managers Group’s revenue to grow 3.7% year on year to $535.6 million, a reversal from the 1.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.88 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Affiliated Managers Group’s peers in the custody bank segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Federated Hermes delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 5.5%, and Invesco reported revenues up 7.4%, in line with consensus estimates. Federated Hermes traded up 2.4% following the results while Invesco was also up 2.7%.
Read our full analysis of Federated Hermes’s results here and Invesco’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the custody bank stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. Affiliated Managers Group is down 2.1% during the same time and is heading into earnings with an average analyst price target of $288.71 (compared to the current share price of $237.96).
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