StepStone Group Inc reports results for the quarter ended September 30 - Earnings Summary

StepStone

08/11/2024 21:48

* StepStone Group Inc  STEP.OQ  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended September
30, 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 46 cents per
share. Wall Street expected results to range from 41 cents to 51
cents per share.
    * Revenue rose 81.4% to $271.68 million from a year ago;
analysts
expected $210.53 million. 
    * StepStone Group Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $17.63
million.
    * StepStone Group Inc shares had risen by 14.1% this
quarter and
gained 103.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $65.00 
This summary was machine generated from LSEG data November 8 at
09:47 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
 Sep. 30 2024      0.46           0.45           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