Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
BrightSphere Investment Group plc (BSIG)
NYSE:BSIG
RESEARCH TOOLSreports
Holding BSIG?
Track your performance easily
Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.9Last Year’s EPS
$0.77Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 2.46%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with significant achievements in ENI growth, positive cash flows, strategic transitions, and Acadian's performance. However, challenges such as inflationary pressures and outflows from certain strategies were noted but are being addressed through strategic initiatives.Company Guidance
During the third quarter of 2024 earnings call for BrightSphere Investment Group (BSIG), Suren Rana, the CEO, highlighted several key financial metrics and strategic updates. The company reported an Earnings per Share (ENI per share) of $0.59, a significant increase from $0.45 in both the third quarter of 2023 and the second quarter of 2024. ENI increased by 15% from $19.3 million in Q3 2023, primarily due to higher management fee revenue driven by increased Assets Under Management (AUM) and market appreciation. Additionally, the company executed $100 million in share repurchases, contributing to a 31% increase in ENI per share year-over-year. Positive net client cash flows of $0.5 billion were recorded, a notable improvement from the breakeven and negative $0.5 billion NCCF in the previous two quarters. The cash balance at the end of Q3 2024 stood at approximately $53.6 million, following the full paydown of Acadian's $36 million revolving facility. The company continues to focus on expanding into credit and equity alternatives, with promising performance from its new strategies, and remains committed to maximizing shareholder value by investing in organic growth and share buybacks.Strong ENI Growth
ENI per share increased by 31% in Q3 2024 compared to Q3 2023, driven by management fee revenue growth and share repurchases.
Positive Net Client Cash Flows
Reported positive net client cash flows of $0.5 billion in Q3 2024, compared to breakeven in the previous quarter and negative $0.5 billion in Q3 2023.
Successful Strategic Transition
Completed transition from multi-boutique conglomerate to a singularly focused asset manager, selling 6 of 7 affiliates and returning $1.3 billion to shareholders.
Acadian Performance
85%, 93%, and 94% of Acadian strategies outperformed their respective benchmarks over 3-, 5-, and 10-year periods.
Reduction in Corporate Overhead
Reduced corporate overhead by approximately 70% over the last few years.
---
BSIG 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
---
BSIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $26.36 | $26.38 | +0.08% |
| Aug 01, 2024 | $26.17 | $24.25 | -7.34% |
| May 02, 2024 | $22.39 | $22.59 | +0.89% |
| Feb 01, 2024 | $22.08 | $21.96 | -0.54% |
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.
---
FAQ
When does BrightSphere Investment Group plc (BSIG) report earnings?
BrightSphere Investment Group plc (BSIG) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is BrightSphere Investment Group plc (BSIG) earnings time?
BrightSphere Investment Group plc (BSIG) earnings time is at Jan 30, 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 BSIG EPS forecast?
BSIG EPS forecast for the fiscal quarter 2024 (Q4) is $0.9.
---