Overview
Asset management firm's Q4 revenue slightly beat analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company repurchased over 800,000 shares, returning $93 mln to shareholders
Outlook
Victory Capital plans to complete remaining $13 mln net expense synergies in 2026
Result Drivers
HIGHER AUM - Revenue increased 3.6% in Q4 primarily due to higher average AUM over the comparable period
PIONEER INTEGRATION - Integration of Pioneer Investments achieved $97 mln in net expense synergies by year-end
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$374.10 mln
$372.69 mln (5 Analysts)
Q4 Adjusted EPS
Beat
$1.78
$1.64 (7 Analysts)
Q4 EPS
$1.32
Q4 Adjusted Net Income
Beat
$141.30 mln
$139.21 mln (4 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "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 Victory Capital Holdings Inc is $68.50, about 0.7% below its February 3 closing price of $69.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nBw3n210Ba
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.)
