Is Ameriprise (AMP) Likely To Beat Q1 Earnings Estimates?
Zacks Investment Research | Apr 20, 2017 11:25PM ET
We expect Ameriprise Financial, Inc. (NYSE:AMP) to beat expectations when it reports first-quarter 2017 results after the market closes on Apr 24.
Last quarter, Ameriprise’s earnings surpassed the Zacks Consensus Estimate primarily due to lower operating expenses. Also, assets under management (AUM) witnessed growth. However, a fall in top line hurt the results to some extent.
Following the earnings beat, the company’s shares gained nearly 16% in the three months (ended Mar 31).
However, the Zacks Consensus Estimate of $2.52 for the first quarter declined marginally in the last seven days. The figure reflects a year-over-year improvement of 16.2%.
Notably, Ameriprise lagged the Zacks Consensus Estimate in three of the trailing four quarters, as is evident from the chart below:
AMERIPRISE FINANCIAL SERVICES, INC. Price and EPS Surprise
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