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Pacific Current Group Ltd (AU:PAC)
ASX:PAC
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2019
|% Change Since: 13.02%
|Next Earnings Date:Aug 31, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance with significant growth in FUM, boutique contributions, and successful fundraising efforts by Pennybacker. However, challenges such as impairments, currency fluctuations affecting NAV, and complexities in asset sales pose potential risks. Despite these challenges, the company maintains a positive outlook for future growth and potential asset sales.Company Guidance
During the Pacific Current Group's 2024 half-year earnings call, several key financial metrics were highlighted. The firm experienced an 8% growth in funds under management (FUM), increasing from USD 14.1 billion to USD 15.2 billion. Financial performance was robust with a 20% increase in boutique contributions, driven by a 30% rise in management fee revenues, predominantly from Banner Oak and Pennybacker Capital. The underlying EBITDA grew by 26%, while the underlying net profit after tax (NPAT) rose by 15%. A dividend of $0.15 per share was declared for the period. Despite these strong results, the firm's fair value adjusted net asset value (NAV) experienced a decline of $0.23 per share, primarily due to currency fluctuations. The company also noted impairments at Aether and Banner Oak, while highlighting the strategic review process and ongoing efforts to unlock shareholder value through potential asset sales and reducing overheads.Strong FUM Growth
The company reported an 8% increase in ownership FUM during the period, growing from USD 14.1 billion to USD 15.2 billion.
20% Increase in Boutique Contributions
Boutique contributions grew by 20%, driven by a 30% growth in management fee revenues, particularly from Banner Oak and Pennybacker Capital.
Underlying EBITDA Growth
Underlying EBITDA grew by 26% during the period, reflecting strong operational performance.
Dividend Declaration
PAC declared a $0.15 per share dividend for the period, maintaining a consistent payout despite strong profit growth.
Successful Fundraising by Pennybacker
Pennybacker raised over $1.5 billion for its recent flagship fund, showcasing its ability to navigate a challenging commercial real estate market.
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AU:PAC 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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AU:PAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 22, 2024 | AU$10.48 | AU$10.78 | +2.80% |
| Feb 22, 2024 | AU$9.93 | AU$9.57 | -3.60% |
| Aug 24, 2023 | AU$9.87 | AU$10.00 | +1.34% |
| Feb 23, 2023 | AU$6.33 | AU$6.76 | +6.72% |
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 Pacific Current Group Ltd (AU:PAC) report earnings?
Pacific Current Group Ltd (AU:PAC) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Pacific Current Group Ltd (AU:PAC) earnings time?
Pacific Current Group Ltd (AU:PAC) earnings time is at Feb 21, 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 the P/E ratio of Pacific Current Group Ltd stock?
The P/E ratio of Pacific Current Group Ltd is N/A.
What is AU:PAC EPS forecast?
Currently, no data Available
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