AlTi Global, Inc reports results for the quarter ended in January - Earnings Summary

AlTi Global

10/05/2024 16:48

* AlTi Global, Inc  ALTI.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 2
cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 12.5% to $50.81 million from a year ago;
analysts
expected $61.50 million. 
    * The company reported quarterly net income of $29.35
million.
    * AlTi Global, Inc shares had fallen by 16.6% this
quarter and
lost 46.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40%
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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "strong buy"

Wall Street's median 12-month price target for AlTi Global, Inc
is $9.00 
This summary was machine generated from LSEG data May 10 at
03:48 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.03           0.00           Missed
 Dec. 31 2023      0.04           -0.05          Missed
 Sep. 30 2023      0.05           -0.12          Missed
 Jun. 30 2023      0.09           0.01           Missed