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

GCM Grosvenor

13/02/2024 18:21

* GCM Grosvenor Inc  GCMG.OQ  reported quarterly adjusted
earnings
of 17 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of six analysts
for the quarter was for earnings of 18 cents per share. Wall
Street expected results to range from 16 cents to 19 cents per
share.
    * Revenue rose 16.8% to $116.56 million from a year ago;
analysts
expected $127.77 million. 
    * GCM Grosvenor Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported quarterly net income of $3.26
million.
    * GCM Grosvenor Inc shares had fallen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for GCM Grosvenor Inc
is $9.50 
This summary was machine generated from LSEG data February 13 at
06:21 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
 Dec. 31 2023      0.18           0.17           Missed
 Sep. 30 2023      0.14           0.15           Beat
 Jun. 30 2023      0.11           0.12           Beat
 Mar. 31 2023      0.11           0.46           Beat