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AMGBearishEarningsnews
Materiality pending

Affiliated Managers Group (AMG) Surpasses Q1 Earnings Estimates

May 6, 2024, 9:22 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- AMG reported Q1 earnings of $5.37/share, beating estimates, with a revenue miss at $499.9 million. - Shares of AMG have gained 5.9% YTD, underperforming the S&P 500. - For AMG, Zacks Rank currently stands at #3 (Hold), with mixed estimate revisions. - Total industry's performance can impact stock performance, currently in top 34%. - TPG Inc. to release earnings on May 8, expected to post earnings of $0.43/share. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • AMG reported Q1 earnings of $5.37/share, beating estimates, with a revenue miss at $499.9 million.
  • Shares of AMG have gained 5.9% YTD, underperforming the S&P 500.
  • For AMG, Zacks Rank currently stands at #3 (Hold), with mixed estimate revisions.
  • Total industry's performance can impact stock performance, currently in top 34%.
  • TPG Inc. to release earnings on May 8, expected to post earnings of $0.43/share.

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