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Ridgepost Capital Q2 revenue, profit beat estimates

Ridgepost Capital Q2 revenue, profit beat estimates 


Overview

  • US private markets provider's Q2 revenue rose slightly yr/yr

  • Adjusted EPS for Q2 beat analyst expectations

  • Company completed Stellus acquisition, expanding investment capabilities


Outlook

  • Company says expanding investment capabilities and fee-based model support future growth


Result Drivers

  • FEE-BASED MODEL - Co said durability of its fee-based model supported Q2 results

  • AUM GROWTH - Co cited surpassing $50 bln in AUM and nearly $35 bln in fee-paying AUM as milestones for the quarter

  • ACQUISITION IMPACT - Completion of Stellus acquisition broadened investment capabilities and opportunity set


Company press release: ID:nGNX1ZsW4h


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Slight Beat*

$80.90 mln

$80.80 mln (2 Analysts)

Q2 Adjusted EPS

Beat

$0.24

$0.23 (4 Analysts)

Q2 Dividend

$0.04

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • 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"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy"

  • Wall Street's median 12-month price target for Ridgepost Capital Inc is $12.00, about 32.7% above its August 4 closing price of $9.04

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Aug 4 - Apollo debt deal fees and insurance earnings rise, asset sales drag

  • Aug 4 - TPG Inc Q2 revenue rises

  • Aug 3 - KKR closes $19.2 billion infrastructure fund for North America, Europe


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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