Calamos Asset Management Earnings: Everything You Must Know Now

Calamos Asset Management Inc. (NASDAQ:CLMS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Calamos Asset Management Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 144.44% to $0.22 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Decreased 17.61% to $66.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Calamos Asset Management Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $66.32 million.

Quoting Management: “As investment performance continues to improve on several of our strategies, we expect that our net flows will also improve. We continued to add resources to our investment team in the second quarter, which reflects our commitment to our clients and our long-term confidence in the growth of the firm,” said John P. Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer.
“Our balance sheet remains strong, and we believe our ongoing share repurchase program is a positive for both our shareholders and the firm overall,” said Calamos.

Key Stats (on next page)…

Revenue decreased 10.07% from $74.17 million in the previous quarter. EPS increased 37.5% from $0.16 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.16 to a profit $0.13. For the current year, the average estimate has moved down from a profit of $0.64 to a profit of $0.57 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]