WisdomTree Investments, Inc. is scheduled to report third-quarter 2016 results on Oct 28.
Last quarter, this New York-based exchange traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor reported earnings per share of 3 cents, a significant plunge year over year. Excluding a $6 million charge related to the company's accelerated buyout of the remaining stake in its European unit, adjusted earnings were 7 cents per share. The company witnessed a decline in U.S. listed ETF assets under management (AUM), mainly driven by net outflows while recording significant growth in European listed AUM.
Industry-wide weakness and global concerns were fueled by the Brexit referendum, which took a toll on finance stocks, with WisdomTree tumbling nearly 37% year to date.
WISDOMTREE INV Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
WisdomTree Investments, Inc. is scheduled to report third-quarter 2016 results on Oct 28.
Last quarter, this New York-based exchange traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor reported earnings per share of 3 cents, a significant plunge year over year. Excluding a $6 million charge related to the company's accelerated buyout of the remaining stake in its European unit, adjusted earnings were 7 cents per share. The company witnessed a decline in U.S. listed ETF assets under management (AUM), mainly driven by net outflows while recording significant growth in European listed AUM.
Industry-wide weakness and global concerns were fueled by the Brexit referendum, which took a toll on finance stocks, with WisdomTree tumbling nearly 37% year to date.
WISDOMTREE INV Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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