StepStone Group Q1 Adj EPS $0.26 Beats $0.25 Estimate, Sales $152.78M Miss $160.14M Estimate
Portfolio Pulse from vinayak@benzinga.com
StepStone Group (NASDAQ:STEP) reported Q1 earnings of $0.26 per share, beating the analyst consensus estimate of $0.25 by 4%. However, this is a 36.59% decrease from the same period last year. The company's quarterly sales were $152.78 million, missing the analyst consensus estimate of $160.14 million by 4.60%. This is a 19.73% decrease from the same period last year.
August 04, 2023 | 2:24 pm
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StepStone Group's Q1 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Despite beating the earnings estimate, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100