AllianceBernstein’s Q3 non-GAAP EPS of $0.64 beats estimates by $0.06.

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AB Intrinsic Value – ALLIANCEBERNSTEIN HOLDING L.P ($NYSE:AB) is a global investment management firm that offers a wide range of services, including asset management, research, and investment strategy. The company recently reported its third-quarter earnings, and beat estimates by $0.06. This was driven by strong performance in its asset management business.

AllianceBernstein has a long history of delivering strong performance for its clients, and this latest earnings report is further evidence of that. The company is well-positioned to continue delivering strong results in the quarters ahead.

Earnings

For the quarter, the company posted total revenue of $399.7 million, net income of $367.9 million, and diluted earnings per share of $0.64. Compared to the same quarter last year, total revenue and net income both decreased by 4.0% and 4.6%, respectively. The company attributed the decrease in net income to higher expenses, including an increase in compensation and benefits expenses. Excluding certain one-time items, AllianceBernstein’s non-GAAP EPS for the quarter was $0.64, which beat analysts’ estimates by $0.06.

Price History

This was driven by positive media exposure and strong performance in Friday’s stock market. ALLIANCEBERNSTEIN HOLDING L.P stock opened at $35.5 and closed at $37.2, up by 4.9% from last closing price of 35.5.

VI Analysis – AB Intrinsic Value Calculator

Company fundamentals, such as earnings and revenue growth, are important indicators of a company’s long term potential. The VI app makes it easy to analyze a company’s fundamentals and compare them to its stock price. Based on the app’s analysis, the fair value of ALLIANCEBERNSTEIN HOLDING L.P shares is around $43.1. However, the stock is currently trading at $37.2, which represents a 14% discount to its fair value.

VI Peers

The company competes with WisdomTree Investments Inc, Ashmore Group PLC, and Onex Corporation. All four companies offer a wide range of investment products and services.

– WisdomTree Investments Inc ($NASDAQ:WETF)

Ashmore Group PLC is a United Kingdom-based investment management company. The Company’s objective is to provide high quality investment solutions and services to meet the needs of clients, which include institutions, corporations and individuals. The Company’s segments include Local Currency, Blended Debt, Corporate Debt, Equity, Multi-Asset and Other. The Local Currency segment invests in sovereign debt denominated in local currencies. The Blended Debt segment invests in sovereign and quasi-sovereign debt. The Corporate Debt segment invests in corporate debt from emerging markets. The Equity segment invests in stocks of companies in emerging markets. The Multi-Asset segment invests in a range of asset classes, including equities, fixed income, commodities and real estate. The Other segment includes the Company’s cash and cash equivalents.

– Ashmore Group PLC ($LSE:ASHM)

Onex Corporation is a private equity and investment management firm with a market cap of 5.84B as of 2022. The company has a Return on Equity of 5.95%. Onex invests in and manages a range of businesses across a variety of industries including aerospace, healthcare, industrial, and consumer businesses. The company has a global reach with operations in North America, Europe, and Asia.

Summary

If you’re considering investing in ALLIANCEBERNSTEIN HOLDING L.P, you may want to take a close look at the company’s recent financial results. This was a positive surprise, and it may be an indication that the company is performing well.

In addition, you may want to research ALLIANCEBERNSTEIN HOLDING L.P’s media exposure. So far, most of the coverage has been positive, which could be another reason to consider investing in the company. Finally, it’s worth noting that the stock price moved up on the news of the earnings beat, which could be a sign that investors are bullish on the company’s prospects.