Artisan Partners Asset Management First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Artisan Partners Asset Management (NYSE:APAM) First Quarter 2024 Results
Key Financial Results
Revenue: US$264.4m (up 13% from 1Q 2023).
Net income: US$54.0m (up 18% from 1Q 2023).
Profit margin: 20% (in line with 1Q 2023).
EPS: US$0.84 (up from US$0.72 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Artisan Partners Asset Management EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 6.9%.
Performance of the American Capital Markets industry.
The company's shares are down 5.8% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Artisan Partners Asset Management that you need to be mindful of.
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