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STEP — StepStone News Story

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FinancialsAdventurousLarge CapNeutral

StepStone Q4 adjusted EPS beats analyst estimates

Overview

US private markets investment firm's fiscal Q4 adjusted EPS beat analyst expectations

Company declared quarterly cash dividend and supplemental dividend for Class A shares

Outlook

Company did not provide specific guidance or outlook for the current qtr or full yr

Result Drivers

FEE GROWTH - Higher management and advisory fees contributed to revenue growth in Q4

PERFORMANCE FEES - Total performance fees doubled year-over-year, supporting overall revenue increase

AUM EXPANSION - Assets under management and assets under advisement increased 23% and 25% respectively

Company press release: ID:nGNX2PJbZS

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Adjusted EPSBeat$0.57$0.51 (5 Analysts)
Q4 EPS-$0.10
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 "buy" Wall Street's median 12-month price target for StepStone Group Inc is $61.00, about 16.1% above its May 19 closing price of $52.52 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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