Yahoo Finance Silvercrest Asset Management Group First Quarter 2024 Earnings: Beats Expectations
Silvercrest Asset Management Group (NASDAQ:SAMG) First Quarter 2024 Results
Key Financial Results
Revenue: US$30.3m (up 2.9% from 1Q 2023).
Net income: US$3.00m (down 6.4% from 1Q 2023).
Profit margin: 9.9% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.32 (down from US$0.34 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Silvercrest Asset Management Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Silvercrest Asset Management Group that you should be aware of before investing here.
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