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SilverCrest Asset Management (SAMG)
:SAMG
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 4.29%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a company experiencing growth in AUM and a strong pipeline of new business opportunities, particularly in the global equity strategy. However, this positive outlook is tempered by increased expenses, a decrease in net income, and reduced cash reserves. The sentiment remains cautiously optimistic due to the expected future revenue from increased AUM and business development efforts.Company Guidance
During the Q3 2024 earnings call for Silvercrest Asset Management Group, the company reported a significant increase in assets under management (AUM), highlighting a $1 billion rise in discretionary AUM to $22.6 billion, reflecting a 5% quarterly increase and a 10% increase year-over-year. Total AUM reached $35.1 billion, up 13% from the previous year. The firm also noted a 20% increase in its pipeline of new institutional business opportunities, now totaling $1.2 billion. Despite these positive metrics, expenses rose by 12% year-over-year, primarily due to increased compensation and benefits, which impacted net income and adjusted EBITDA. Revenue for the quarter was $30.4 million, with a slight year-over-year increase of 2%, while reported net income was $3.7 million. Adjusted EBITDA stood at $6.3 million, representing 20.9% of revenue. Silvercrest emphasized its strategic investments in business development and global equity strategies, which are expected to drive future growth.Increase in Assets Under Management (AUM)
Silvercrest's discretionary AUM increased by $1 billion during the quarter to $22.6 billion, a 5% increase since the second quarter and a 10% increase year-over-year. Total AUM at the end of the third quarter was $35.1 billion, a 13% increase year-over-year.
Robust Pipeline of New Business Opportunities
The firm's pipeline of new institutional business opportunities increased by 20% during the third quarter, now standing at $1.2 billion.
Global Equity Strategy Development
The company hired most of the primary portfolio management team for the global equity strategy, which is positioned for significant inflows due to high demand for global equity investments.
Increase in Revenue
Revenue for the third quarter was $30.4 million, a year-over-year increase of $0.7 million or approximately 2%.
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SAMG 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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SAMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $17.25 | $16.24 | -5.86% |
| Aug 01, 2024 | $16.70 | $15.75 | -5.69% |
| May 02, 2024 | $14.02 | $13.97 | -0.36% |
| Mar 07, 2024 | $16.00 | $15.36 | -4.00% |
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 SilverCrest Asset Management (SAMG) report earnings?
SilverCrest Asset Management (SAMG) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is SilverCrest Asset Management (SAMG) earnings time?
SilverCrest Asset Management (SAMG) earnings time is at Mar 06, 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 SAMG EPS forecast?
SAMG EPS forecast for the fiscal quarter 2024 (Q4) is 0.28.
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