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

Silvercrest Asset Management

02/11/2023 23:50

* Silvercrest Asset Management Group Inc  SAMG.OQ  reported
quarterly adjusted earnings of 36 cents​​ per share for the
quarter ended in September, higher 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
38 cents per share. Wall Street expected results to range from
36 cents to 40 cents per share.
    * Revenue rose 2.3% to $29.70 million from a year ago;
analysts
expected $31.67 million. 
    * Silvercrest Asset Management Group Inc's reported EPS for
the
quarter was 34 cents​.
    * The company reported quarterly net income of $3.22
million.
    * Silvercrest Asset Management Group Inc shares had risen
by 11.5%
this quarter and lost 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
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 $24.50 
This summary was machine generated from LSEG data November 2 at
11:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.31           0.15           Missed