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

GCM Grosvenor

07/05/2024 15:07

* GCM Grosvenor Inc  GCMG.OQ  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 46 cents.  The mean expectation of six analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 13 cents to 16 cents per share.
    * Revenue rose 9.8% to $108.87 million from a year ago;
analysts
expected $113.37 million. 
    * GCM Grosvenor Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * GCM Grosvenor Inc shares had risen by 1.2% this
quarter and
gained 9.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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 $10.00 
This summary was machine generated from LSEG data May 7 at 02:07
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      0.14           0.14           Met
 Dec. 31 2023      0.18           0.17           Missed
 Sep. 30 2023      0.14           0.15           Beat
 Jun. 30 2023      0.11           0.12           Beat