Have you been eager to see how WisdomTree Investments, Inc. () performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based exchange-traded fund (‘ETF’) and exchange-traded product (‘ETP’) sponsor and asset manager’s earnings release this morning:
In-Line Earnings
WisdomTree came out with earnings per share of 6 cents meeting the Zacks Consensus Estimate. Results reflected increase in revenues. Further, growth in assets under management was another positive. However, higher expenses was a headwind.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for WisdomTree depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable at 6 cents over the last seven days.
However, before posting in-line earnings in Q3, the company delivered positive surprises in two of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of nearly 1% in the trailing four quarters.
Revenue Came in Lower than Expected
WisdomTree posted revenues of $58 million, which lagged the Zacks Consensus Estimate of $58.3 million. However, revenues increased 12% year over year.
Key Takeaways:
- Reported Net Income: $8 million, up slightly from the prior-year quarter.
- Total Expenses: $42.5 million, up 13.1% year over year.
- As of Sep 30, 2017, U.S. listed ETF assets under management (AUM) was $44.4 billion, up 17.8% year over year. Also, the company witnessed a 73.3% growth in European listed AUM which totaled $1.8 billion.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for WisdomTree. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. It all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Image: Bigstock
WisdomTree (WETF) Q3 Earnings Meet Estimates, Revenues Rise
Have you been eager to see how WisdomTree Investments, Inc. () performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based exchange-traded fund (‘ETF’) and exchange-traded product (‘ETP’) sponsor and asset manager’s earnings release this morning:
In-Line Earnings
WisdomTree came out with earnings per share of 6 cents meeting the Zacks Consensus Estimate. Results reflected increase in revenues. Further, growth in assets under management was another positive. However, higher expenses was a headwind.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for WisdomTree depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable at 6 cents over the last seven days.
However, before posting in-line earnings in Q3, the company delivered positive surprises in two of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of nearly 1% in the trailing four quarters.
Revenue Came in Lower than Expected
WisdomTree posted revenues of $58 million, which lagged the Zacks Consensus Estimate of $58.3 million. However, revenues increased 12% year over year.
Key Takeaways:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for WisdomTree. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. It all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>