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

GCM Grosvenor

09/08/2023 15:21

* GCM Grosvenor Inc  GCMG.OQ  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
11 cents per share.
    * Revenue rose 3.1% to $107.61 million from a year ago;
analysts
expected $102.97 million. 
    * GCM Grosvenor Inc's reported EPS for the quarter was a
loss
of 23 cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * GCM Grosvenor Inc shares had risen by 3.4% this
quarter and
gained 2.5% so far this year.
    * The company reported quarterly net income of $4.85
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 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 02:20 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.12           Beat
 Mar. 31 2023      0.11           0.46           Beat
 Dec. 31 2022      0.13           0.12           Missed
 Sep. 30 2022      0.11           0.14           Beat