Overview
Silvercrest Q3 revenue and adjusted EPS missed analyst expectations
Discretionary AUM increased 3% sequentially, reaching $24.3 bln
Total AUM hit a new high of $37.6 bln, driven by market appreciation
Outlook
Silvercrest expects discretionary AUM to exceed all-time highs in coming quarters
Company plans to adjust non-discretionary AUM reporting in 2026
Compensation ratio to remain elevated due to strategic investments
Result Drivers
DISCRETIONARY AUM GROWTH - Increase primarily due to beneficial equity markets, despite overall negative flows
ORGANIC GROWTH FOCUS - Added $46.4 mln in new client accounts during Q3, with $564 mln added YTD
STRATEGIC INVESTMENTS - Ongoing investments in intellectual capital and headcount aimed at long-term growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $31.29 mln | $32.20 mln (3 Analysts) |
Q3 Adjusted EPS | Miss | $0.19 | $0.28 (3 Analysts) |
Q3 Adjusted Net Income | Miss | $2.40 mln | $3.63 mln (3 Analysts) |
Q3 Net Income | $1.08 mln | ||
Q3 Adjusted EBITDA | Miss | $4.52 mln | $6.64 mln (3 Analysts) |
Q3 Adjusted EBITDA Margin | 14.50% |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Silvercrest Asset Management Group Inc is $22.00, about 34.8% above its October 30 closing price of $14.34
Press Release: ID:nGNX38xD6F
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)