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

StepStone

09/08/2024 01:48

* StepStone Group Inc  STEP.OQ  reported quarterly adjusted
earnings of 48 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 26 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 33 cents to 38
cents per share.
    * Revenue rose 44.8% to $221.17 million from a year ago;
analysts
expected $181.15 million. 
    * StepStone Group Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $13.33
million.
    * StepStone Group Inc shares had fallen by 1.9% this
quarter and
gained 41.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 StepStone Group
Inc is $46.00 
This summary was machine generated from LSEG data August 9 at
12:48 a.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      0.35           0.48           Beat
 Mar. 31 2024      0.28           0.33           Beat
 Dec. 31 2023      0.26           0.37           Beat
 Sep. 30 2023      0.28           0.26           Missed