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StepStone Group (STEP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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StepStone Group Inc. (STEP - Free Report) reported $362.71 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 28.5%. EPS of $0.66 for the same period compares to $0.54 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $332.94 million, representing a surprise of +8.94%. The company delivered an EPS surprise of +15.79%, with the consensus EPS estimate being $0.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how StepStone Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Fee-Earning AUM (FEAUM) - Focused Commingled Funds: $73.57 billion versus $73.82 billion estimated by three analysts on average.
Fee-Earning AUM (FEAUM) - Total: $158.24 billion versus the three-analyst average estimate of $158.30 billion.
Fee-Earning AUM (FEAUM) - Separately managed accounts (SMAs): $84.67 billion compared to the $84.48 billion average estimate based on three analysts.
Assets Under Advisement (AUA): $697.20 billion versus $673.67 billion estimated by two analysts on average.
Assets Under Management (AUM): $260.98 billion versus $253.77 billion estimated by two analysts on average.
Total revenues- Management and advisory fees, net: $293.15 million compared to the $290.58 million average estimate based on two analysts. The reported number represents a change of +36% year over year.
Total revenues- Performance fees- Incentive fees: $2.5 million versus $5.48 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -49.1% change.
Total revenues- Total performance fees: $480 million compared to the $156.56 million average estimate based on two analysts. The reported number represents a change of +101.1% year over year.
Total revenues- Performance fees- Carried interest allocations- Unrealized: $301.71 million versus $111.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +104.1% change.
Total revenues- Total carried interest allocations: $362.51 million versus the two-analyst average estimate of $151.08 million. The reported number represents a year-over-year change of +75.4%.
Total revenues- Performance fees- Carried interest allocations- Realized: $60.8 million versus the two-analyst average estimate of $39.65 million. The reported number represents a year-over-year change of +3.3%.
Shares of StepStone Group have returned +5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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StepStone Group (STEP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
StepStone Group Inc. (STEP - Free Report) reported $362.71 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 28.5%. EPS of $0.66 for the same period compares to $0.54 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $332.94 million, representing a surprise of +8.94%. The company delivered an EPS surprise of +15.79%, with the consensus EPS estimate being $0.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how StepStone Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for StepStone Group here>>>
Shares of StepStone Group have returned +5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.