Earnings Outlook For AssetMark Financial Hldgs

AssetMark Financial Hldgs AMK will be releasing its next round of earnings this Wednesday, July 28. For all of the relevant information, here is your guide for Wednesday's Q2 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on AssetMark Financial Hldgs management projections, analysts predict EPS of $0.33 on revenue of $87.40 million. In the same quarter last year, AssetMark Financial Hldgs announced EPS of $0.21 on revenue of $99.13 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 57.14%. Sales would be down 11.83% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the past 52-week period, shares of AssetMark Financial Hldgs have declined 9.89%.

Do not be surprised to see the stock move on comments made during its conference call. AssetMark Financial Hldgs is scheduled to hold the call at 17:00:00 ET and can be accessed here.