Silvercrest Asset Mgmt Gr Q1 2024 Adj EPS $0.33 Misses $0.40 Estimate, Sales $30.272M Beat $30.106M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silvercrest Asset Management Group (SAMG) reported Q1 2024 adjusted EPS of $0.33, missing the $0.40 estimate, and sales of $30.272M, slightly above the $30.106M estimate. This represents a decrease in EPS and an increase in sales compared to the same period last year.
May 02, 2024 | 9:19 pm
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NEUTRAL IMPACT
Silvercrest Asset Management Group's Q1 2024 earnings report showed a miss on EPS estimates but a slight beat on sales forecasts.
The miss on the EPS estimate is significant and could lead to short-term negative sentiment among investors. However, the slight beat on sales might offset some of the negative impact. Given the mixed results, the short-term impact on SAMG's stock price is likely to be neutral as investors digest both the positive and negative aspects of the report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100