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Brookfield Asset Management Ltd. Class A (BAM)
NYSE:BAM
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
0.33Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 10, 2023
|% Change Since: 5.17%
|Next Earnings Date:Feb 08, 2023
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements in financial performance, asset monetization, and strategic growth initiatives, particularly in fee-bearing capital and private credit. Although there are some concerns about fundraising delays and fee pauses, these are positioned as short-term challenges. The company is optimistic about future growth with a positive outlook on the fundraising environment and strategic initiatives.Company Guidance
During Brookfield Asset Management's Q3 2024 earnings call, the company provided guidance highlighting several key financial metrics and strategic developments. The firm reported record fee-related earnings of $644 million, a 14% increase from the previous year, and distributable earnings of $619 million, up 9%. Their fee-bearing capital grew by nearly $100 billion to $539 billion, marking a 23% growth over the year. Brookfield also noted a 28% annualized return from certain real estate monetizations, and a 27% IRR from renewable power asset sales. The firm emphasized strong market conditions for both buying and selling assets, projecting significant capital returns to limited partners. Looking ahead, Brookfield expects continued earnings growth driven by themes such as energy transition, AI infrastructure, and private credit, with a strategic focus on expanding their asset management capabilities and leveraging their leadership in renewable power and infrastructure.Record Financial Performance
Fee-related earnings for the third quarter were up 14% to a record $644 million or $0.39 per share. Distributable earnings grew 9% to a record $619 million or $0.38 per share.
Significant Growth in Fee-bearing Capital
Fee-bearing capital grew by nearly $100 billion over the year to $539 billion, a 23% increase.
Strong Monetization Activity
Over $17 billion in monetization activities were completed in the past 4 months, with significant returns on several asset sales, including a 28% annualized return on real estate assets.
Expansion in Private Credit and AI Infrastructure
Strategic partnerships and acquisitions in private credit and AI infrastructure, including a $1.1 billion investment in sustainable aviation fuel projects and a $2.3 billion investment in offshore wind assets.
Successful Fundraising Efforts
Raised $21 billion in the quarter, with significant contributions from credit strategies and renewable power.
Corporate Structure Simplification
Plans to enhance BAM's structure for broader index inclusion, increasing market cap representation to over $85 billion.
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Brookfield Asset Management Ltd. Class A (BAM) Earnings, Revenues Date & History
BAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $52.84 | $54.41 | +2.97% |
| Aug 07, 2024 | $39.51 | $37.97 | -3.91% |
| May 08, 2024 | $38.77 | $38.16 | -1.58% |
| Feb 07, 2024 | $38.34 | $38.42 | +0.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brookfield Asset Management Ltd. Class A (BAM) report earnings?
Brookfield Asset Management Ltd. Class A (BAM) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Brookfield Asset Management Ltd. Class A (BAM) earnings time?
Brookfield Asset Management Ltd. Class A (BAM) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BAM EPS forecast?
BAM EPS forecast for the fiscal quarter 2024 (Q4) is 0.38.
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