StepStone shares edge lower after first quarter profit miss
07/08/2026 13:33
BUZZ-StepStone shares edge lower after first quarter profit miss ** Shares of investment firm StepStone Group STEP.O fall 1.7% to $49.5 in premarket trading
** Co reported Q1 adj. net income of $60.3 million or 48 cents per share on Thursday AMC, below analysts' estimates of $65.6 million or 51 cents per share - data compiled by LSEG
** Analyst at Oppenheimer says "miss" was driven by the carry and investment income which is normally lumpy Q/Q
** Seven of eight analysts rate stock "strong buy" or "buy" and one "hold"; their median PT is $66 - data compiled by LSEG
** As of last close, stock down 21.5% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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