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GCM Grosvenor (GCMG) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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In its upcoming report, GCM Grosvenor Inc. (GCMG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.19 per share, reflecting an increase of 18.8% compared to the same period last year. Revenues are forecasted to be $133.84 million, representing a year-over-year increase of 11.9%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific GCM Grosvenor metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues- Incentive fees' stands at $20.50 million. The estimate points to a change of +26.1% from the year-ago quarter.
Analysts predict that the 'Revenues- Management fees' will reach $111.14 million. The estimate points to a change of +9% from the year-ago quarter.
According to the collective judgment of analysts, 'Fee-paying AUM - Private Markets Strategies' should come in at $48.97 billion. The estimate compares to the year-ago value of $45.46 billion.
Analysts forecast 'Fee-paying AUM Total' to reach $75.50 billion. Compared to the present estimate, the company reported $69.07 billion in the same quarter last year.
The consensus among analysts is that 'Fee-paying AUM - Absolute Return Strategies' will reach $26.55 billion. Compared to the current estimate, the company reported $23.61 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Assets Under Management' will likely reach $93.70 billion. The estimate is in contrast to the year-ago figure of $85.93 billion.
Over the past month, shares of GCM Grosvenor have returned -0.2% versus the Zacks S&P 500 composite's +3.3% change. Currently, GCMG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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GCM Grosvenor (GCMG) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, GCM Grosvenor Inc. (GCMG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.19 per share, reflecting an increase of 18.8% compared to the same period last year. Revenues are forecasted to be $133.84 million, representing a year-over-year increase of 11.9%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific GCM Grosvenor metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenues- Incentive fees' stands at $20.50 million. The estimate points to a change of +26.1% from the year-ago quarter.
Analysts predict that the 'Revenues- Management fees' will reach $111.14 million. The estimate points to a change of +9% from the year-ago quarter.
According to the collective judgment of analysts, 'Fee-paying AUM - Private Markets Strategies' should come in at $48.97 billion. The estimate compares to the year-ago value of $45.46 billion.
Analysts forecast 'Fee-paying AUM Total' to reach $75.50 billion. Compared to the present estimate, the company reported $69.07 billion in the same quarter last year.
The consensus among analysts is that 'Fee-paying AUM - Absolute Return Strategies' will reach $26.55 billion. Compared to the current estimate, the company reported $23.61 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Assets Under Management' will likely reach $93.70 billion. The estimate is in contrast to the year-ago figure of $85.93 billion.
View all Key Company Metrics for GCM Grosvenor here>>>Over the past month, shares of GCM Grosvenor have returned -0.2% versus the Zacks S&P 500 composite's +3.3% change. Currently, GCMG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .