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Beneficient (BENF)
NASDAQ:BENF
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-$0.18Last Year’s EPS
-$158.26Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -51.76%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments, including two consecutive profitable quarters, improvements in permanent equity, and the introduction of a new pricing system to expedite transactions. However, challenges remain with reduced cash reserves, a notable decline in distributions from alternative assets, and a continued deficit in permanent equity. The overall sentiment is cautiously optimistic but recognizes areas needing improvement.Company Guidance
During Beneficient's Q2 2025 earnings call, the company provided several key metrics and insights into their performance and strategic initiatives. The firm reported GAAP revenues of $8.6 million for the quarter, a significant improvement from a negative $42.8 million in the prior year. They achieved a second consecutive quarter of positive diluted earnings per share, driven by a 31.9% reduction in operating expenses and a focus on more efficient operations. The introduction of their MAPS system aims to expedite transaction times to as little as 15 days, addressing a market demand for liquidity valued at over $150 billion annually. Additionally, a reclassification of preferred equity improved permanent equity by $126 million, moving closer to Nasdaq compliance. The company is also exploring new business initiatives, including alternative securities lending, with an eye on expanding their market reach as they anticipate a shift in demand trends and potential regulatory changes.Improvement in Permanent Equity
Reclassification of certain preferred equity improved permanent equity by $126 million, reducing the deficit from $148.3 million to an adjusted deficit of $13.2 million.
Second Consecutive Profitable Quarter
Reported a second consecutive quarter of positive fully diluted earnings per share for common shareholders.
Introduction of MAPS
Launched MAPS, a machine automated pricing system aimed at reducing transaction time for alternative asset liquidity from 15 months to as little as 15 days.
GAAP Revenue Turnaround
GAAP revenues were a positive $8.6 million in the second quarter, compared to a negative $42.8 million in the prior year.
Cost Reduction
Operating expenses declined by 31.9% in the quarter, primarily due to improvements in compensation and benefits.
Strategic Board Appointment
Appointment of Patrick Donegan as an independent board member, enhancing compliance and regulatory expertise.
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BENF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BENF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.25 | $1.20 | -4.00% |
| Aug 14, 2024 | $2.28 | $2.36 | +3.51% |
| Jul 09, 2024 | $3.93 | $3.95 | +0.51% |
| Feb 13, 2024 | $22.80 | $23.22 | +1.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beneficient (BENF) report earnings?
Beneficient (BENF) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Beneficient (BENF) earnings time?
Beneficient (BENF) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BENF EPS forecast?
BENF EPS forecast for the fiscal quarter 2025 (Q3) is -$0.18.
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