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Asset manager WisdomTree's Q3 profit beats on record AUM

Overview

WisdomTree Q3 operating revenue beats analyst expectations, driven by higher average AUM

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

Company reports record AUM of $137.2 bln, driven by net inflows and market appreciation

Outlook

Company did not provide specific financial guidance for future quarters or full year

Result Drivers

RECORD AUM - Co reports record AUM of $137.2 bln, an 8.8% increase from prior qtr driven by market appreciation and net inflows

NET INFLOWS - $2.2 bln net inflows primarily from commodity, cryptocurrency, and international developed equity products

HIGHER REVENUES - 11.5% increase in operating revenues due to higher average AUM and increased revenues from European ETPs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Operating RevenueBeat$125.60 mln$120.90 mln (5 Analysts)
Q3 Adjusted EPSBeat$0.23$0.20 (6 Analysts)
Q3 EPS$0.13
Q3 Adjusted Gross Margin82.20%
Q3 Adjusted Operating Income Margin38.30%
Q3 Operating Income Margin36.30%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "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 WisdomTree Inc is $15.50, about 25.3% above its October 30 closing price of $11.58 The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago Press Release: ID:nBw1f1FyFa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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