Silvercrest Asset Mgmt Gr Q2 2024 Adj. EPS $0.30 Misses $0.37 Estimate, Sales $30.993M Beat $30.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silvercrest Asset Management Group (NASDAQ:SAMG) reported Q2 2024 adjusted EPS of $0.30, missing the $0.37 estimate, but sales of $30.993M beat the $30.900M estimate. Sales increased by 4.23% year-over-year.
August 01, 2024 | 8:51 pm
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NEGATIVE IMPACT
Silvercrest Asset Management Group reported Q2 2024 adjusted EPS of $0.30, missing the $0.37 estimate by 18.92%. However, sales of $30.993M beat the $30.900M estimate and increased by 4.23% year-over-year.
The miss on EPS is significant at 18.92%, which is likely to negatively impact the stock price in the short term. However, the beat on sales and the year-over-year increase in sales provide some positive context, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100