BROOKFIELD ASSET MANAGEMENT LTD reports results for the quarter ended December 31 - Earnings Summary

• BROOKFIELD ASSET MANAGEMENT LTD BAM.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of twelve analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 37 cents to 40 cents per share.

• Revenue fell 3.9% to $1.06 billion from a year ago; analysts expected $1.27 billion.

• BROOKFIELD ASSET MANAGEMENT LTD's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $688 million.

• BROOKFIELD ASSET MANAGEMENT LTD shares had risen by 2.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 8 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for BROOKFIELD ASSET MANAGEMENT LTD is $60.00

This summary was machine generated from LSEG data February 12 at 01:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)