GET DAILY SIGNALSAffiliated Managers Group (AMG) Earnings Preview: Strong Growth Expected Ahead of November Report
Key Takeaways
- Affiliated Managers Group (AMG) is scheduled to report third-quarter 2026 results on Monday, November 9, 2026, before the market opens.
- Consensus estimates point to economic EPS (earnings per share) near $8.65–$8.70, up roughly 42% from $6.10 a year earlier.
- Management has guided third-quarter economic EPS to a range of $8.43–$8.71, implying continued year-over-year growth of about 40%.
- AMG has topped consensus earnings estimates in four consecutive quarters, with beats ranging from roughly +1.6% to +8.3%.
- Alternatives remain the central theme: they generated about 60% of earnings and drove roughly $100 billion in trailing twelve-month inflows as of the second quarter.
- For more on AMG's Major News, Today's Price Move, Price Targets, and Forecast, explore these dedicated pages.
Why This Earnings Report Matters
Affiliated Managers Group (AMG) operates as a partnership-based asset manager, investing in a diversified group of boutique investment firms spanning alternatives, private markets, and wealth management. Its third-quarter report matters because AMG has made alternatives the engine of its growth strategy, and investors will be watching whether that momentum continues. In the second quarter, alternatives contributed about 60% of earnings and helped push assets under management (AUM — the total market value of assets the firm manages) to $942 billion. With the stock having delivered a steady run of earnings beats, the November report offers a key check on fee trends, flow durability, and the firm's ability to sustain growth in a shifting market environment. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
What the Numbers Are Pointing To
For the quarter ended September 30, 2026, Wall Street's consensus estimate for economic EPS sits near $8.65, based on roughly six analysts, with some estimates as high as $8.70. That compares with $6.10 reported in the same period a year ago, implying growth of roughly 42%. Consensus revenue is estimated near $619.8 million, up from about $528 million in the prior-year quarter.
Company guidance is closely aligned with these expectations: management has projected third-quarter economic EPS of $8.43 to $8.71. Investors will also focus on total AUM, net client flows, the mix of alternative versus traditional assets, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), which rose 44% year over year in the second quarter. Historically, AMG has beaten consensus in each of its last four reports.
Market Reaction and Investor Sentiment
Sentiment heading into the November 9 report has been constructive. AMG has posted positive earnings surprises in four straight quarters, and the stock has generally rewarded steady execution on its alternatives strategy. Still, the bar for a positive reaction is rising: after a strong run, investors will be sensitive to any signs of slowing fee growth, weaker net flows, or margin pressure. Key risk factors include a potential pullback in alternative-asset fundraising, market volatility affecting AUM levels, and any softness in performance fees. A result that merely meets guidance may be treated differently from one that clearly extends the company's momentum.
Forward Outlook and Key Factors to Monitor
Following the third-quarter report, investors should watch how management frames the trajectory of AUM and net flows. The alternatives business has been the primary growth driver, and commentary on fundraising pipelines, deployment activity, and the pace of new affiliate partnerships will signal whether that momentum can persist into 2027.
Cost and margin trends also deserve attention. As AMG scales its alternatives mix, the balance between fixed expenses and performance-based revenue will shape adjusted EBITDA growth. Any update on capital allocation — including share buybacks, which the firm has used to reduce its share count — will matter for per-share results.
Finally, broader market conditions remain relevant. Asset managers are sensitive to equity and credit market performance, interest-rate expectations, and investor appetite for private-market strategies. Management's outlook on these factors, rather than any single-quarter number, will likely set the tone for how the stock trades in the weeks after the release.
Enhancing Research with AI Tools
In preparing for earnings like this one from Affiliated Managers Group (AMG), I often turn to Tickeron’s AI Screener to quickly filter opportunities across the asset management space. It lets me scan for technical patterns, fundamentals, and performance metrics in a structured way that complements traditional analysis. This kind of tool has become a regular part of my workflow when evaluating sectors or individual names ahead of key events.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Aroon Indicator for AMG shows an upward move is likely
AMG's Aroon Indicator triggered a bullish signal on October 30, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 287 similar instances where the Aroon Indicator showed a similar pattern. In 200 of the 287 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 70%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for AMG crossed bullishly above the 50-day moving average on September 30, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 6 of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 55%.
Following a +1.79% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMG advanced for three days, in 208 of 332 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 34 of 59 cases where AMG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 58%.
The Momentum Indicator moved below the 0 level on October 30, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on AMG as a result. In 51 of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 53%.
The Moving Average Convergence Divergence Histogram (MACD) for AMG turned negative on October 30, 2026. 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 57 similar instances when the indicator turned negative. In 32 of the 57 cases the stock turned lower in the days that followed. This puts the odds of success at 56%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.
AMG broke above its upper Bollinger Band on October 08, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 8 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.
The Tickeron SMR rating for this company is 35 (best 1 - 100 worst), indicating strong sales and a profitable 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 Price Growth Rating for this company is 40 (best 1 - 100 worst), indicating steady price growth. AMG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued 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 PE Growth Rating for this company is 78 (best 1 - 100 worst), pointing to worse than average 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 Valuation Rating of 84 (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (3.248) is normal, around the industry mean (2.410). P/E Ratio (12.345) is within average values for comparable stocks, (-3.016). Projected Growth (PEG Ratio) (0.616) is also within normal values, averaging (1.319). Dividend Yield (0.000) settles around the average of (0.272) among similar stocks. P/S Ratio (4.606) is also within normal values, averaging (15.694).
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General Information
a provider of investment management services
Industry InvestmentManagers