Affiliated Managers (AMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Affiliated Managers (AMG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Affiliated Managers Group, Inc. (NYSE:AMG ) Q2 2024 Earnings Conference Call July 29, 2024 8:30 AM ET Company Participants Patricia Figueroa - Head of IR Jay Horgen - President and CEO Thomas Wojcik - COO Dava Ritchea - CFO Conference Call Participants Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Bill Katz - TD Cowen Patrick Davitt - Autonomous Research Brian Bedell - Deutsche Bank Operator Greetings, and welcome to the AMG Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
A fall in expenses and higher AUM balance support Affiliated Managers' (AMG) Q2 earnings while revenues decline.
Affiliated Managers Group (AMG) came out with quarterly earnings of $4.67 per share, beating the Zacks Consensus Estimate of $4.60 per share. This compares to earnings of $4.45 per share a year ago.
Affiliated Managers' (AMG) global distribution capability and a robust balance sheet are expected to have supported Q2 earnings.