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
GCM Grosvenor (GCMG)
NASDAQ:GCMG
Holding GCMG?
Track your performance easily
Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.17Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -2.34%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted GCM Grosvenor's strong financial performance, record fundraising achievements, and growth in assets under management. There is significant momentum in infrastructure and private credit, as well as promising developments in the individual investor channel. However, challenges remain in achieving fundraising goals and some dependence on external factors like election outcomes. Overall, the positive aspects significantly outweigh the negatives.Company Guidance
During the GCM Grosvenor earnings call for the third quarter of 2024, the company provided optimistic guidance for the future, emphasizing robust growth metrics across various financial indicators. Fee-related earnings have risen by 18% year-to-date, while adjusted net income has grown 24% compared to the same period in 2023. The firm reported a fee-related earnings margin increase from 31% in 2020 to 41% for the current quarter, indicating ongoing margin expansion opportunities. Capital formation remains strong, with $1.4 billion of new capital raised in the quarter, leading to a year-to-date total of $4.8 billion, marking a 34% increase year-over-year. GCM Grosvenor's assets under management (AUM) reached a record $80 billion, a 5% increase from the previous year, with private markets comprising 71% of total AUM. The company is confident in its ability to double 2023's fee-related earnings by 2028, supported by significant latent earnings potential in incentive fees and a strong fundraising pipeline.Strong Financial Performance
Fee-related earnings increased 18%, adjusted net income increased 24%, and adjusted EBITDA grew 21% year-to-date over the same period in 2023.
Record Fundraising Achievements
Raised $1.4 billion of new capital in Q3, bringing the year-to-date total to $4.8 billion, marking a 34% increase year-over-year.
Assets Under Management Growth
AUM reached a record high of $80 billion, a 5% increase from the previous year, with fee-paying AUM also increasing by 5% year-over-year.
Infrastructure and Private Credit Expansion
Infrastructure AUM doubled over the last four years, and private credit was the fastest-growing vertical by AUM over the last year.
Individual Investor Channel Development
Raised over $3 billion from individual investors since 2020, and plans to launch a suite of interval fund private market products.
---
GCMG 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
---
GCMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $12.03 | $11.75 | -2.33% |
| Aug 08, 2024 | $10.20 | $10.08 | -1.18% |
| May 07, 2024 | $9.49 | $9.51 | +0.21% |
| Feb 13, 2024 | $8.46 | $8.28 | -2.13% |
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 GCM Grosvenor (GCMG) report earnings?
GCM Grosvenor (GCMG) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is GCM Grosvenor (GCMG) earnings time?
GCM Grosvenor (GCMG) 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 GCMG EPS forecast?
GCMG EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
---