GCM Grosvenor Inc reports results for the quarter ended September 30 - Earnings Summary

GCM Grosvenor

08/11/2024 20:59

* GCM Grosvenor Inc  GCMG.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended September 30,
identical to the same quarter last year.  The mean expectation
of six analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 15 cents to 16
cents per share.
    * Revenue rose 1% to $122.93 million from a year ago;
analysts
expected $123.80 million. 
    * GCM Grosvenor Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $4.16
million.
    * GCM Grosvenor Inc shares had risen by 7.2% this
quarter and
gained 35.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
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 12.75 
This summary was machine generated from LSEG data November 8 at
08:58 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
 Sep. 30 2024      0.15           0.15           Met
 Jun. 30 2024      0.15           0.15           Met
 Mar. 31 2024      0.14           0.14           Met
 Dec. 31 2023      0.18           0.17           Missed