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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$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.)