Silvercrest Asset Management Group Inc reports results for the quarter ended in December - Earnings Summary

Silvercrest Asset Management

08/03/2024 14:31

* Silvercrest Asset Management Group Inc  SAMG.OQ  reported
quarterly adjusted earnings of 7 cents​​ per share for the
quarter ended in December, lower than the same quarter last
year, when the company reported EPS of 15 cents.  The mean
expectation of two analysts for the quarter was for earnings of
36 cents per share. 
    * Revenue rose 0.2% to $28.54 million from a year ago;
analysts
expected $28.89 million. 
    * Silvercrest Asset Management Group Inc's reported EPS for
the
quarter was a loss of 4 cents​.
    * The company reported a quarterly loss of $411 thousand.
    * Silvercrest Asset Management Group Inc shares had fallen
by 2.5%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "strong buy"

Wall Street's median 12-month price target for Silvercrest Asset
Management Group Inc is $23.50 
This summary was machine generated from LSEG data March 8 at
02:30 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      0.36           0.07           Missed
 Sep. 30 2023      0.38           0.36           Missed
 Jun. 30 2023      0.38           0.34           Missed
 Mar. 31 2023      0.37           0.35           Missed