Brookfield Asset Management posted its second quarter earnings that surpassed analyst expectations, according to Zacks Consensus Estimate.
For the quarter ending June, the company’s adjusted earnings came in at $0.84 per share, beating the Zacks Consensus Estimate of $0.73 per share. Earnings were $0.49 per share a year ago.
Revenues of $23.26 billion for the quarter also beat the Zacks Consensus Estimate. The figure is also higher compared to the year-ago quarter’s $18.29 billion. The company has exceeded consensus revenue estimates two times over the last four quarters.
BN moved below its 50-day moving average on May 30, 2023 date and that indicates a change from an upward trend to a downward trend. In of 44 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 31, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BN as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BN turned negative on May 31, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for BN crossed bearishly below the 50-day moving average on May 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BN entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BN advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .
BN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.197) is normal, around the industry mean (2.300). P/E Ratio (70.922) is within average values for comparable stocks, (73.612). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.315). Dividend Yield (0.014) settles around the average of (0.073) among similar stocks. P/S Ratio (0.518) is also within normal values, averaging (44.197).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an alternative asset manager which owns, manages and operates real estate, financial and power generation related businesses
A.I.dvisor indicates that over the last year, BN has been closely correlated with KKR. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if BN jumps, then KKR could also see price increases.