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U.s. Global Investors (GROW)
NASDAQ:GROW
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
$0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -0.57%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a nuanced picture with strong highlights in terms of a solid balance sheet, record gold performance, and a notable improvement in net income. However, these positives were balanced by significant challenges, including a substantial decrease in assets under management leading to an operating loss.Company Guidance
During the earnings call for Q1 2025, U.S. Global Investors reported several key financial metrics and strategic insights. The company revealed quarterly average assets under management of $1.5 billion, with operating revenues amounting to $2.16 million and a net income of $315,000. The call highlighted the volatility across various asset classes, noting that the airline fund, their largest, typically experiences a 6% fluctuation over a 10-day period, while gold also sees similar volatility. The discussion underscored the significance of their smart beta 2.0 strategy, which involves a quantitative approach with over 10,000 hours of back-testing to ensure sustainable products. The call also emphasized the company's commitment to shareholder value, highlighting a shareholder yield of 9.34% achieved through a combination of dividends and stock buybacks. Additionally, U.S. Global Investors continues to focus on its thematic investing strategy, particularly in gold, airlines, and emerging markets, as well as maintaining a strong balance sheet with cash and investments totaling over $9.7 million.Strong Balance Sheet
The company reports strong cash and cash equivalents of $2.7 million and current investments amounting to $9.7 million as of September 30, 2024. The company also boasts a net working capital of $38.2 million and a current ratio of 21:1.
Gold's Record Performance
Gold is reaching all-time highs, and the company's gold-focused funds have grown modestly year-over-year. This positions the company well for continued growth in alternative asset classes.
Positive Net Income
The company reported a net income of $315,000 for the first quarter, which is a favorable change of $491,000 compared to a net loss of $176,000 in the same quarter of the previous fiscal year.
Awards and Subscriber Growth
The marketing team received another star award from the Investment Management Education Alliance for Excellence in Education for Investors, adding up to a total of 94 awards. There is also consistent growth in major social platforms and subscriber lists.
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GROW 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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GROW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $2.44 | $2.46 | +0.82% |
| Sep 10, 2024 | $2.53 | $2.50 | -1.19% |
| May 09, 2024 | $2.66 | $2.58 | -3.01% |
| Feb 09, 2024 | $2.67 | $2.69 | +0.75% |
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 U.s. Global Investors (GROW) report earnings?
U.s. Global Investors (GROW) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is U.s. Global Investors (GROW) earnings time?
U.s. Global Investors (GROW) 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 GROW EPS forecast?
Currently, no data Available
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