Artisan Partners Asset Management Third Quarter 2024 Earnings: EPS Beats Expectations
Artisan Partners Asset Management, Inc. Class A APAM | 42.51 | -1.25% |
Artisan Partners Asset Management (NYSE:APAM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$279.6m (up 12% from 3Q 2023).
- Net income: US$72.9m (up 50% from 3Q 2023).
- Profit margin: 26% (up from 20% in 3Q 2023).
- EPS: US$1.12 (up from US$0.76 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Artisan Partners Asset Management EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US.
The company's shares are up 4.6% from a week ago.
Risk Analysis
Don't forget that there may still be risks.
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