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RF Capital Group (GMPXF)
OTHER OTC:GMPXF
Holding GMPXF?
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
-0.08Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -1.86%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with notable revenue and asset growth, successful recruitment, and positive employee engagement. However, these were offset by significant declines in interest income and adjusted EBITDA, onetime leadership transition costs, and the departure of advisory teams.Company Guidance
During the third quarter 2024 earnings call for RF Capital, several key metrics and future guidance were highlighted. The company's assets under management increased by $3.8 billion since the start of the year, with an additional $400 million growth in October alone. Fee-based revenues reached $204.5 million for the nine months ending September 30, 2024, marking a 6% increase compared to the same period last year. However, adjusted EBITDA showed a decline, recording $41.1 million for the nine-month period, down 9% from the previous year. The adjusted net income stood at $6.5 million, up by $2.9 million year-over-year. The recruiting pipeline was robust, with assets over $29 billion in view. Looking ahead, the company expects AUA to align with equity market returns and recruiting activity, while interest revenue is projected to decline with lower benchmark rates. Meanwhile, operating expenses are expected to remain under control, with cash flow primarily directed towards expanding the advisor network.Increase in Revenue
For the third quarter of 2024, RF Capital reported $91.9 million in revenue, an increase of 5% compared to the third quarter of 2023.
Growth in Fee Revenue
Fee revenue, the largest component of RF Capital's revenue, increased by 7% compared to Q3 2023, driven by an increase in Assets Under Administration (AUA).
Positive Employee Engagement
For the 7th consecutive year, RF Capital was certified as a great place to work, with 87% of participants expressing pride in their workplace, up from 84% last year.
Strong Recruiting Pipeline
RF Capital's recruiting pipeline stands at over $29 billion, with successful recruitment of several high-profile teams in the last quarter.
Increase in Assets
RF Capital's assets increased by $3.8 billion since the beginning of the year, with an additional $400 million growth in October.
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GMPXF 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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GMPXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.90 | $5.78 | -2.03% |
| Jul 31, 2024 | $5.63 | $5.29 | -6.04% |
| May 01, 2024 | $5.06 | $5.20 | +2.77% |
| Feb 29, 2024 | $6.24 | $6.15 | -1.44% |
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 RF Capital Group (GMPXF) report earnings?
RF Capital Group (GMPXF) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is RF Capital Group (GMPXF) earnings time?
RF Capital Group (GMPXF) earnings time is at Feb 28, 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 GMPXF EPS forecast?
GMPXF EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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