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

Silvercrest Asset Management

03/05/2024 14:31

* Silvercrest Asset Management Group Inc  SAMG.OQ  reported
quarterly adjusted earnings of 33 cents​​ per share for the
quarter ended in March, lower than the same quarter last year,
when the company reported EPS of 35 cents.  The mean expectation
of two analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 39 cents to 40
cents per share.
    * Revenue rose 2.9% to $30.27 million from a year ago;
analysts
expected $30.11 million. 
    * Silvercrest Asset Management Group Inc's reported EPS for
the
quarter was 32 cents​.
    * The company reported quarterly net income of $3 million.
    * Silvercrest Asset Management Group Inc shares had fallen
by 8.1%
this quarter and lost 14.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% 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 May 3 at 01:31
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      0.40           0.33           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