Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). Please note that a negative Earnings ESP reading is not indicative of an earnings miss. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. This insight is at the core of our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction). Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Įstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has been revised 5.56% higher over the last 30 days to the current level. Revenues are expected to be $225.9 million, down 28.3% from the year-ago quarter. This investment management firm is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -51.9%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The earnings report, which is expected to be released on January 31, 2023, might help the stock move higher if these key numbers are better than expectations. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. All Rights Reserved.Wall Street expects a year-over-year decline in earnings on lower revenues when Artisan Partners Asset Management (APAM) reports results for the quarter ended December 2022. Materials on this website are informational only and should not be taken as investment recommendation or advice of any kind whatsoever (whether impartial or otherwise). Artisan Partners Limited Partnership does not provide investment advice directly to shareholders of the Artisan Partners Funds. Artisan Partners Limited Partnership, an investment advisory firm and adviser to Artisan Partners Funds, is owned by Artisan Partners Holdings, LP. Read carefully before investing.Īrtisan Partners Funds offered through Artisan Partners Distributors LLC, member FINRA, a wholly owned broker/dealer subsidiary of Artisan Partners Holdings LP. This and other important information is contained in the Fund's prospectus and summary prospectus, which can be obtained by calling 8. Carefully consider the Fund's investment objective, risks and charges and expenses. The Artisan Partners Funds are offered by prospectus. This website is intended for persons in the United States only and should not be considered a solicitation or an offering to investors residing outside the United States.
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