Artisan Partners Earnings: What To Look For From APAM

Asset management firm Artisan Partners (NYSE:APAM) will be reporting results this Tuesday after the bell. Here’s what investors should know.

Artisan Partners missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $301.3 million, up 7.8% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ revenue estimates.

Is Artisan Partners a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Artisan Partners’s revenue to grow 8.9% year on year to $323.5 million, slowing from the 19.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Artisan Partners has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Artisan Partners’s peers in the capital markets segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Blackstone’s revenues decreased 5.1% year on year, beating analysts’ expectations by 6.7%, and Franklin Resources reported revenues up 38.3%, topping estimates by 11.5%. Blackstone traded down 3% following the results.

Read our full analysis of Blackstone’s results here and Franklin Resources’s results here.

Artisan Partners is up 5.1% during the same time and is heading into earnings with an average analyst price target of $43.25 (compared to the current share price of $43.46).

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