* Silvercrest Asset Management Group Inc reported quarterly adjusted earnings of 26 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of three analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 31 cents to 35 cents per share.
* Revenue rose 2.4% to $30.42 million from a year ago; analysts expected $30.29 million.
* Silvercrest Asset Management Group Inc's reported EPS for the quarter was 24 cents.
* The company reported quarterly net income of $2.25 million.
* Silvercrest Asset Management Group Inc shares had risen by 1.1% this quarter and gained 2.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 15.4% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the investment management & fund operators peer group is also "strong buy"
Wall Street's median 12-month price target for Silvercrest Asset Management Group Inc is $23.50 This summary was machine generated from LSEG data November 1 at 02:25 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jan. 1 0001 0.33 0.26 Missed
Jun. 30 2024 0.37 0.30 Missed
Mar. 31 2024 0.40 0.33 Missed
Dec. 31 2023 0.36 0.07 Missed
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