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

Silvercrest Asset Management

02/08/2024 14:32

* Silvercrest Asset Management Group Inc  SAMG.OQ  reported
quarterly adjusted earnings of 30 cents​​ per share for the
quarter ended in June, lower than the same quarter last year,
when the company reported EPS of 34 cents.  The mean expectation
of two analysts for the quarter was for earnings of 37 cents per
share. 
    * Revenue rose 4.2% to $30.99 million from a year ago;
analysts
expected $30.90 million. 
    * Silvercrest Asset Management Group Inc's reported EPS for
the
quarter was 28 cents​.
    * The company reported quarterly net income of $2.67
million.
    * Silvercrest Asset Management Group Inc shares had risen
by 9.6%
this quarter and gained 0.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
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 August 2 at
01:32 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
 Jun. 30 2024      0.37           0.30           Missed
 Mar. 31 2024      0.40           0.33           Missed
 Dec. 31 2023      0.36                          
 Sep. 30 2023      0.38