GCM Grosvenor Inc GCMG.OQ reported quarterly adjusted earnings of 14 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of six analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 13 cents to 16 cents per share.
Revenue rose 9.8% to $108.87 million from a year ago; analysts expected $113.37 million.
GCM Grosvenor Inc's reported EPS for the quarter was a loss of 13 cents.
GCM Grosvenor Inc shares had risen by 1.2% this quarter and gained 9.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.
In the last 30 days, one analyst revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and "sell" or "strong sell."
The average consensus recommendation for the investment management & fund operators peer group is also "buy"
Wall Street's median 12-month price target for GCM Grosvenor Inc is $10.00
This summary was machine generated from LSEG data May 7 at 02:07 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 |
Mar. 31 2024 |
0.14 |
0.14 |
Met |
Dec. 31 2023 |
0.18 |
0.17 |
Missed |
Sep. 30 2023 |
0.14 |
0.15 |
Beat |
Jun. 30 2023 |
0.11 |
0.12 |
Beat |