UPDATE: StepStone Group Q4 Adj. EPS $0.24 Misses $0.28 Estimate, Sales $172.37M Beat $145.36M Estimate
Portfolio Pulse from Happy Mohamed
StepStone Group reported Q4 adjusted EPS of $0.24, missing the $0.28 estimate, and sales of $172.37M, beating the $145.36M estimate. This represents a 36.84% decrease in earnings and a 52.73% decrease in sales compared to the same period last year.
May 24, 2023 | 8:27 pm
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StepStone Group's Q4 earnings missed estimates with a 36.84% decrease YoY, while sales beat estimates but decreased 52.73% YoY.
StepStone Group's Q4 earnings missed analyst estimates by 14.29% and decreased 36.84% YoY, which is a negative signal for investors. Although sales beat estimates by 18.58%, they also decreased 52.73% YoY, indicating a potential slowdown in the company's growth. This combination of factors is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100