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Silvercrest Asset Management Group Inc reports results for the quarter ended March 31 - Earnings Summary

Silvercrest Asset Management Group Inc SAMG.OQ reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 33 cents.  The mean expectation of three analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 31 cents to 32 cents per share.

Revenue rose 3.7% to $31.39 million from a year ago; analysts expected $33.17 million.

Silvercrest Asset Management Group Inc's reported EPS for the quarter was 26 cents​.

The company reported quarterly net income of $2.47 million.

Silvercrest Asset Management Group Inc shares had fallen by 1.2% this quarter and lost 12.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 19.7% 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 $21.75

This summary was machine generated from LSEG data May 9 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20250.310.27Missed
Dec. 31 20240.280.20Missed
Sep. 30 20240.330.26Missed
Jun. 30 20240.370.30Missed

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