GCM Grosvenor Q1 2024 Adj EPS $0.14, Inline, Sales $108.866M Miss $113.367M Estimate
Portfolio Pulse from Benzinga Newsdesk
GCM Grosvenor (NASDAQ:GCMG) reported Q1 2024 earnings of $0.14 per share, meeting analyst estimates and marking a 40% increase from the previous year. However, their sales of $108.866M fell short of the expected $113.367M, a miss by 3.97%, though it's a 9.84% increase from last year.
May 07, 2024 | 12:03 pm
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GCM Grosvenor reported Q1 2024 earnings per share of $0.14, aligning with estimates and showing a 40% increase from the previous year. However, their revenue of $108.866M missed estimates by 3.97%, despite a 9.84% year-over-year increase.
Meeting EPS estimates while showing significant year-over-year growth is positive, but missing revenue estimates could concern investors. The mixed results suggest a neutral short-term impact on GCMG's stock price, as the positive earnings growth may offset concerns about the revenue miss.
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