GCM Grosvenor Inc reports results for the quarter ended in December - Earnings Summary

GCM Grosvenor

14/02/2023 15:14

* GCM Grosvenor Inc  GCMG.OQ  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended in December. The
mean expectation of six analysts for the quarter was
for earnings of 13 cents per share.
    * Revenue fell 47.6% to $99.83 million from a year ago;
analysts
expected $107.97 million. 
    * GCM Grosvenor Inc's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * GCM Grosvenor Inc shares had risen by 23.5% this quarter.
    * The company reported quarterly net income of $4.39
million.
    * Wall Street's median 12-month price target for GCM
Grosvenor Inc
is $9.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
14 at 03:14 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.13           0.12           Missed
 Sep. 30 2022      0.11           0.14           Beat
 Jun. 30 2022      0.13           0.12           Missed
 Mar. 31 2022      0.13           0.12           Missed