Affiliated Managers Group Full Year 2023 Earnings: EPS Beats Expectations
Affiliated Managers Group (NYSE:AMG) Full Year 2023 Results
Key Financial Results
Revenue: US$2.06b (down 12% from FY 2022).
Net income: US$672.9m (down 41% from FY 2022).
Profit margin: 33% (down from 49% in FY 2022). The decrease in margin was primarily driven by higher expenses.
EPS: US$19.17 (down from US$29.76 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Affiliated Managers Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.
Looking ahead, revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 7.7%.
Performance of the American Capital Markets industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Affiliated Managers Group you should be aware of, and 1 of them is a bit unpleasant.
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