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DigitalBridge Group (DBRG)
NYSE:DBRG
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.03Last Year’s EPS
$0.61Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -29.57%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in fee revenue and capital formation, driven by successful fundraising and strategic transactions. However, challenges remain with lower than expected fee revenue guidance and the impact of fundraising composition on earnings. Despite these challenges, the company shows strong momentum in capital formation and private wealth channel expansion.Company Guidance
During the DigitalBridge Group's third-quarter 2024 earnings call, key metrics highlighted include a 42% year-over-year increase in fee-related earnings (FRE), with FRE margins expanding by 500 basis points to 34%. The company reported $6.1 billion in capital formation year-to-date, positioning it to exceed its $7 billion annual fundraising target. Fee revenue growth was in the mid-teens, while the fee-earning equity under management stood at $34 billion, marking a 14% increase over the previous year. Additionally, the company recorded $77 million in fee revenue for the quarter, up 16% from the same period last year. Despite these gains, the company anticipates year-end fee revenue to fall between $305 million and $320 million, slightly below its original guidance, primarily due to the composition of capital raised skewing towards co-investments and funds that charge fees on invested rather than committed capital.Strong Fee Revenue and Earnings Growth
Fee revenue was up 16% year-over-year, while fee-related earnings (FRE) increased by 42%. FRE margins also improved by 500 basis points to 34%.
Capital Formation and Fundraising Success
DigitalBridge raised $6.1 billion in capital formation year-to-date, tracking 13% ahead of last year with a strong pipeline expected to exceed the $7 billion target.
Notable Transactions and Investments
Significant transactions include a $3.3 billion deal with Verizon for Vertical Bridge and a $2 billion equity raise for DataBank led by Australia Super.
Expansion in Private Wealth Channel
The private wealth channel has exceeded expectations with over $1 billion raised, surpassing the initial target of $600 million for 2024.
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DBRG 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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DBRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $15.69 | $13.41 | -14.53% |
| Aug 07, 2024 | $12.24 | $13.01 | +6.29% |
| Apr 30, 2024 | $16.42 | $14.09 | -14.19% |
| Feb 20, 2024 | $20.08 | $18.45 | -8.12% |
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 DigitalBridge Group (DBRG) report earnings?
DigitalBridge Group (DBRG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is DigitalBridge Group (DBRG) earnings time?
DigitalBridge Group (DBRG) earnings time is at Feb 20, 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 DBRG EPS forecast?
DBRG EPS forecast for the fiscal quarter 2024 (Q4) is -$0.03.
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