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Affiliated Managers Group, Inc. (NYSE:AMG ) Q1 2024 Earnings Call Transcript May 6, 2024 8:30 AM ET Company Participants Patricia Figueroa - Head of IR Jay Horgen - President and CEO Thomas Wojcik - COO Conference Call Participants Craig Siegenthaler - Bank of America Bill Katz - TD Cowen Dan Fannon - Jefferies Brian Bedell - Deutsche Bank Patrick Davitt - Autonomous Research Alex Blostein - Goldman Sachs Operator Greetings and welcome to the AMG First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Higher AUM balance supports Affiliated Managers' (AMG) Q1 earnings, while lower revenues and marginally higher expenses act as spoilsports.
Affiliated Managers Group (AMG) came out with quarterly earnings of $5.37 per share, beating the Zacks Consensus Estimate of $5.21 per share. This compares to earnings of $4.18 per share a year ago.
Affiliated Managers' (AMG) global distribution capability and a robust balance sheet are expected to have supported Q1 earnings.
The P/B ratio helps to identify low-priced stocks with high growth prospects. General Motors Company (GM), JD.com (JD), StoneCo (STNE), Affiliated Managers Group (AMG) and PagSeguro Digital (PAGS) are some such stocks.
Value investing is essentially about selecting stocks that are cheap but fundamentally sound. KBH, AMG, PAGS & GM boast a low P/CF ratio.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Affiliated Managers (AMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WEST PALM BEACH, Fla., April 29, 2024 (GLOBE NEWSWIRE) -- AMG (NYSE: AMG) will report financial and operating results for the first quarter ended March 31, 2024 on Monday, May 6, 2024.
The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like LAKE, PBF, AMG, BBSI and JAKK hold promise.