Sprott Inc reports results for the quarter ended in June - Earnings Summary

Sprott

07/08/2024 14:13

* Sprott Inc  SII.TO  reported quarterly adjusted earnings
of 51
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 68
cents.  The mean expectation of two analysts for the quarter was
for earnings of 42 cents per share. Wall Street expected
results to range from 39 cents to 44 cents per share.
    * Revenue fell 11.7% to $47.99 million from a year ago;
analysts
expected $42.40 million. 
    * Sprott Inc shares had fallen by 2.3% this quarter and
gained 23.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Sprott Inc is
C$68.00 
This summary was machine generated from LSEG data August 7 at
01:13 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      0.42           0.51           Beat
 Mar. 31 2024      0.39           0.45           Beat
 Dec. 31 2023      0.48           0.38           Missed
 Sep. 30 2023      0.33           0.27           Missed