StepStone Group Inc reports results for the quarter ended in December - Earnings Summary

StepStone

08/02/2024 23:29

* StepStone Group Inc  STEP.OQ  reported quarterly adjusted
earnings of 37 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 27 cents.  The mean expectation of
five analysts for the quarter was for earnings of 26 cents per
share. Wall Street expected results to range from 24 cents to 27
cents per share.
    * Revenue rose 17.7% to $151.49 million from a year ago;
analysts
expected $151.56 million. 
    * StepStone Group Inc's reported EPS for the quarter was a
loss
of 32 cents​.
    * The company reported a quarterly loss of $20.23 million.
    * StepStone Group Inc shares had risen by 6.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for StepStone Group
Inc is $34.00 
This summary was machine generated from LSEG data February 8 at
11:29 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
 Dec. 31 2023      0.26           0.37           Beat
 Sep. 30 2023      0.28           0.26           Missed
 Jun. 30 2023      0.28           0.26           Missed
 Mar. 31 2023      0.28           0.24           Missed