Calamos Asset Management Earnings: Everything You Must Know Now

Calamos Asset Management Inc. (NASDAQ:CLMS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Calamos Asset Management Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 29.41% to $0.24 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Decreased 34.47% to $71 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Calamos Asset Management Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.18. It missed the average revenue estimate of $71.54 million.

Quoting Management: “We are encouraged by inflows into our global and international equity strategies, as well as into our alternative strategies, which we see as key contributors to our growth going forward,” said John P. Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer.

Key Stats (on next page)…

Revenue increased 38.21% from $51.37 million in the previous quarter. EPS increased 9.09% from $0.22 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.17 and has not changed. For the current year, the average estimate has moved down from a profit of $0.70 to a profit of $0.68 over the last ninety days.

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