Silvercrest Asset Mgmt Gr Q3 2024 Adj. EPS $0.26 Misses $0.33 Estimate, Sales $30.424M Beat $30.291M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silvercrest Asset Management Group reported Q3 2024 earnings per share of $0.26, missing the consensus estimate of $0.33. However, the company exceeded sales expectations with $30.424 million, a slight increase from the previous year.
October 31, 2024 | 8:04 pm
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Silvercrest Asset Management Group's Q3 2024 earnings per share fell short of expectations, but sales slightly exceeded forecasts. This mixed result may lead to short-term volatility in the stock price.
The earnings per share (EPS) miss is significant as it was 21.21% below expectations, which is likely to negatively impact investor sentiment. However, the sales beat, albeit slight, provides a positive note. Overall, the EPS miss is more impactful, suggesting a likely short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100