Market Overview

Artisan Partners Asset Earnings Preview

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Artisan Partners Asset (NYSE: APAM) unveils its next round of earnings this Tuesday, October 27. Get prepared with Benzinga's ultimate preview for Artisan Partners Asset's Q3 earnings.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Artisan Partners Asset EPS will likely be near $0.86 while revenue will be around $228.15 million, according to analysts. Artisan Partners Asset earnings in the same period a year ago was $0.7 per share. Quarterly sales came in at $202.90 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Tuesday, quarterly profit would be up 22.86%. Sales would be have grown 12.44% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.61 0.61 0.73 0.7
EPS Actual 0.71 0.66 0.75 0.7
Revenue Estimate 192.01 M 200.72 M 208.29 M 203.41 M
Revenue Actual 203.00 M 202.80 M 208.40 M 202.90 M

Stock Performance

Over the last 52-week period, shares are up 53.64%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Artisan Partners Asset is scheduled to hold the call at 13:00:00 ET and can be accessed here.

 

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Posted-In: Earnings