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P10 Holdings (PX)
NYSE:PX
Holding PX?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 01, 2022
|% Change Since: 20.56%
|Next Earnings Date:Nov 12, 2021
Earnings Call Sentiment|Positive
The earnings call highlights a strong financial performance with record revenue and fundraising exceeding expectations. Strategic acquisitions and growth in fee-paying AUM are positive indicators, despite some challenges from step-downs and a slight reduction in share repurchase activity. The overall sentiment is optimistic about future growth and expansion opportunities.Company Guidance
During the P10 Q3 2024 earnings call, the company provided robust guidance for the year and beyond, reflecting their strategic growth and financial performance. They reported $1.4 billion in new fee-paying AUM, with a revenue of $74 million, marking a 26% year-over-year increase. Fee-related earnings (FRE) were approximately $35 million, representing a 19% increase from Q3 2023, with an FRE margin of 48%. The company has raised $2.9 billion year-to-date, surpassing their full-year guidance of $2.5 billion. Looking forward, P10 aims to more than double fee-paying AUM by 2029, primarily through organic growth, while targeting an expansion in core organic FRE margins to near 50% in the long term. The strategic acquisition of Qualitas Funds is set to enhance their European presence and investor base, with the deal expected to close in Q1 2025. Overall, P10 remains optimistic about their future growth trajectory, driven by favorable market trends and strategic initiatives.Record Third Quarter Financial Performance
Revenue of $74 million, representing 26% year-over-year growth. Fee-related revenue was $73 million, a 26% increase compared to the prior year, and fee-related earnings increased by 19% to $35 million.
Significant Fundraising Momentum
Raised and deployed $1.4 billion in gross new fee-paying AUM in Q3, with $2.9 billion raised year-to-date, surpassing full year guidance of $2.5 billion.
Successful Strategic Acquisition
Announced acquisition of Qualitas Funds, a leading European private equity fund of funds manager, expanding European presence and investor base.
Strong Fee-Paying AUM Growth
Fee-paying assets under management were $24.9 billion, a 10% increase year-over-year.
Positive Adjusted EBITDA and Margins
Adjusted EBITDA in Q3 was $35.3 million, a 19% increase from the prior year, with a margin of 48%.
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PX 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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PX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.33 | $11.65 | +2.82% |
| Aug 08, 2024 | $8.73 | $9.24 | +5.84% |
| May 08, 2024 | $7.51 | $8.05 | +7.19% |
| Feb 29, 2024 | $9.14 | $8.21 | -10.18% |
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 P10 Holdings (PX) report earnings?
P10 Holdings (PX) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is P10 Holdings (PX) earnings time?
P10 Holdings (PX) earnings time is at Feb 26, 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 PX EPS forecast?
PX EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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