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Wall Street's Insights Into Key Metrics Ahead of StepStone Group (STEP) Q2 Earnings
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Wall Street analysts expect StepStone Group Inc. (STEP - Free Report) to post quarterly earnings of $0.57 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $332.94 million, up 17.9% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 2.5% in the consensus EPS estimate for the quarter, leading to its current level. 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 it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some StepStone Group metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Total revenues- Management and advisory fees, net' to come in at $289.34 million. The estimate points to a change of +34.3% from the year-ago quarter.
It is projected by analysts that the 'Total revenues- Performance fees- Incentive fees' will reach $5.48 million. The estimate points to a change of +11.7% from the year-ago quarter.
Analysts predict that the 'Total revenues- Total performance fees' will reach $161.84 million. The estimate indicates a year-over-year change of -32.2%.
Based on the collective assessment of analysts, 'Total revenues- Performance fees- Carried interest allocations- Unrealized' should arrive at $111.43 million. The estimate indicates a change of -24.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Total revenues- Total carried interest allocations' of $156.37 million. The estimate indicates a change of -24.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Total revenues- Performance fees- Carried interest allocations- Realized' should come in at $44.94 million. The estimate points to a change of -23.7% from the year-ago quarter.
The average prediction of analysts places 'Fee-Earning AUM (FEAUM) - Focused Commingled Funds' at $73.82 billion. The estimate is in contrast to the year-ago figure of $54584.00 billion.
The consensus among analysts is that 'Fee-Earning AUM (FEAUM) - Total' will reach $158.67 billion. Compared to the present estimate, the company reported $132791.00 billion in the same quarter last year.
Analysts' assessment points toward 'Fee-Earning AUM (FEAUM) - Separately managed accounts (SMAs)' reaching $84.85 billion. The estimate compares to the year-ago value of $78207.00 billion.
The combined assessment of analysts suggests that 'Assets Under Advisement (AUA)' will likely reach $673.67 billion. Compared to the current estimate, the company reported $561.56 billion in the same quarter of the previous year.
Analysts forecast 'Assets Under Management (AUM)' to reach $253.77 billion. Compared to the present estimate, the company reported $209.15 billion in the same quarter last year.
Shares of StepStone Group have demonstrated returns of -1.7% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), STEP is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of StepStone Group (STEP) Q2 Earnings
Wall Street analysts expect StepStone Group Inc. (STEP - Free Report) to post quarterly earnings of $0.57 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $332.94 million, up 17.9% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 2.5% in the consensus EPS estimate for the quarter, leading to its current level. 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 it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some StepStone Group metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Total revenues- Management and advisory fees, net' to come in at $289.34 million. The estimate points to a change of +34.3% from the year-ago quarter.
It is projected by analysts that the 'Total revenues- Performance fees- Incentive fees' will reach $5.48 million. The estimate points to a change of +11.7% from the year-ago quarter.
Analysts predict that the 'Total revenues- Total performance fees' will reach $161.84 million. The estimate indicates a year-over-year change of -32.2%.
Based on the collective assessment of analysts, 'Total revenues- Performance fees- Carried interest allocations- Unrealized' should arrive at $111.43 million. The estimate indicates a change of -24.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Total revenues- Total carried interest allocations' of $156.37 million. The estimate indicates a change of -24.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Total revenues- Performance fees- Carried interest allocations- Realized' should come in at $44.94 million. The estimate points to a change of -23.7% from the year-ago quarter.
The average prediction of analysts places 'Fee-Earning AUM (FEAUM) - Focused Commingled Funds' at $73.82 billion. The estimate is in contrast to the year-ago figure of $54584.00 billion.
The consensus among analysts is that 'Fee-Earning AUM (FEAUM) - Total' will reach $158.67 billion. Compared to the present estimate, the company reported $132791.00 billion in the same quarter last year.
Analysts' assessment points toward 'Fee-Earning AUM (FEAUM) - Separately managed accounts (SMAs)' reaching $84.85 billion. The estimate compares to the year-ago value of $78207.00 billion.
The combined assessment of analysts suggests that 'Assets Under Advisement (AUA)' will likely reach $673.67 billion. Compared to the current estimate, the company reported $561.56 billion in the same quarter of the previous year.
Analysts forecast 'Assets Under Management (AUM)' to reach $253.77 billion. Compared to the present estimate, the company reported $209.15 billion in the same quarter last year.
View all Key Company Metrics for StepStone Group here>>>Shares of StepStone Group have demonstrated returns of -1.7% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), STEP is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .