The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ameriprise Financial met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins dropped, net margins grew.
Ameriprise Financial recorded revenue of $2.67 billion. The five analysts polled by S&P Capital IQ predicted revenue of $2.69 billion on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $2.59 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.71. The 11 earnings estimates compiled by S&P Capital IQ forecast $1.47 per share. GAAP EPS of $1.88 for Q4 were 74% higher than the prior-year quarter's $1.08 per share. (The prior-year quarter included $0.06 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.5%, 40 basis points worse than the prior-year quarter. Operating margin was 26.2%, 80 basis points worse than the prior-year quarter. Net margin was 14.5%, 470 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.69 billion. On the bottom line, the average EPS estimate is $1.54.
Next year's average estimate for revenue is $11.14 billion. The average EPS estimate is $6.51.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ameriprise Financial is outperform, with an average price target of $67.00.
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