Moreover, the stock has a stellar earnings surprise history. Legg Mason surpassed estimates, in three of the four trailing quarters, the average beat being 9.51%. While past performance doesn't guarantee similar trend in the future, we believe the following factors are enough to support a steady price rally for Legg Mason: Strategic Acquisitions: Legg Mason has expanded primarily via acquisitions, with majority of its assets under management (AUM) growth being driven by the same. These acquisitions have significantly diversified its product offerings and expanded the company's market share globally.