Silvercrest Asset Mgmt Gr Q4 Adj. EPS $0.07 Misses $0.36 Estimate, Sales $28.54M Miss $28.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silvercrest Asset Management Group (SAMG) reported Q4 adjusted EPS of $0.07, missing the $0.36 estimate by 80.56%, and a 53.33% decrease from last year's $0.15. Q4 sales were $28.54M, missing the $28.89M estimate by 1.20%, but slightly up by 0.18% from last year.
March 07, 2024 | 9:03 pm
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NEGATIVE IMPACT
Silvercrest Asset Management Group's Q4 earnings and sales missed estimates, with a significant decrease in EPS compared to last year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year decrease in EPS, is likely to negatively impact investor sentiment and could lead to a short-term decrease in SAMG's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100