BROOKFIELD ASSET MANAGEMENT LTD reports results for the quarter ended June 30 - Earnings Summary

• BROOKFIELD ASSET MANAGEMENT LTD BAM reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of two analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 37 cents to 39 cents per share.

• Revenue rose 19% to $1.09 billion from a year ago; analysts expected $1.27 billion.

• BROOKFIELD ASSET MANAGEMENT LTD's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $620 million.

• BROOKFIELD ASSET MANAGEMENT LTD shares had risen by 12.5% this quarter and gained 8.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for BROOKFIELD ASSET MANAGEMENT LTD is C$72.50, about 17% below its last closing price of C$84.82

This summary was machine generated from LSEG data August 6 at 12:36 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)