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AllianceBernstein (AB)
NYSE:AB
Holding AB?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.87Last Year’s EPS
$0.77Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -0.22%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in fixed income and private markets, with significant growth in assets under management and an improved operating margin. However, these positive aspects were somewhat offset by challenges in maintaining equity inflows and institutional outflows.Company Guidance
In the AllianceBernstein Q3 2024 earnings call, the company provided guidance indicating continued confidence in their growth trajectory across multiple metrics. They reported surpassing $800 billion in assets under management, with positive net flows each quarter. Specifically, active fixed income inflows reached $6 billion, with retail taxable and tax-exempt fixed income growing at 17% and 27% annually, respectively. The company also highlighted that their private markets AUM increased by 11% year-over-year to $68 billion, driven by strong net fundings into alternative strategies. Additionally, they noted a stable fee rate, with base management fees growing in line with AUM, and an adjusted operating margin of 31.3%, up 330 basis points year-over-year. Looking forward, they expect further margin improvement into 2025, assuming stable market conditions, and they provided guidance for full-year 2024 performance fees to range between $145 million and $155 million.Asset Under Management (AUM) Growth
Surpassed $800 billion in assets under management by the end of the quarter, marking the third consecutive quarter of organic growth.
Strong Fixed Income Inflows
Active fixed income inflows totaled $6 billion, with taxable and tax-exempt growth rates of 17% and 27% respectively on an annualized basis.
Private Markets Expansion
Private markets AUM reached $68 billion, up 11% year-over-year, driven by strong net fundings into alternative strategies.
Fee Rate Stabilization
Fee rate stabilized, and base management fees grew in line with AUM, reflecting strong market and organic growth.
Improved Operating Margin
Adjusted operating margin improved to 31.3%, up 330 basis points year-over-year, with further improvement expected in 2025.
Strong Performance in Fixed Income
92% of AUM outperformed over the past year, benefiting from active duration management and credit positioning.
Private Wealth Channel Growth
Private Wealth posted modest inflows, with alternatives growing at a 10% annualized rate and strong fundraising momentum.
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AB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $36.88 | $37.57 | +1.87% |
| Jul 26, 2024 | $33.01 | $33.54 | +1.61% |
| Apr 25, 2024 | $31.44 | $31.62 | +0.57% |
| Feb 06, 2024 | $30.20 | $30.38 | +0.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AllianceBernstein (AB) report earnings?
AllianceBernstein (AB) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is AllianceBernstein (AB) earnings time?
AllianceBernstein (AB) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AB EPS forecast?
AB EPS forecast for the fiscal quarter 2024 (Q4) is $0.87.
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