GCM Grosvenor Q4 Adj EPS $0.17, Inline, Sales $116.56M Miss $127.77M Estimate
Portfolio Pulse from saritha@benzinga.com
GCM Grosvenor (NASDAQ:GCMG) reported Q4 adjusted EPS of $0.17, meeting analyst estimates, and a 41.67% increase from last year. However, sales of $116.56M missed estimates by 8.78%, despite being a 16.76% increase from the previous year.
February 13, 2024 | 1:10 pm
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GCM Grosvenor reported Q4 adjusted EPS of $0.17, in line with estimates, and a 41.67% increase YOY. Sales of $116.56M missed estimates by 8.78%, but showed a 16.76% increase YOY.
The EPS meeting estimates and showing a significant year-over-year increase is positive. However, the miss on sales estimates could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100