Overview
WisdomTree Q3 operating revenue beats analyst expectations, driven by higher average AUM
Adjusted EPS for Q3 beats consensus, reflecting strong operational performance
Company reports record AUM of $137.2 bln, driven by net inflows and market appreciation
Outlook
Company did not provide specific financial guidance for future quarters or full year
Result Drivers
RECORD AUM - Co reports record AUM of $137.2 bln, an 8.8% increase from prior qtr driven by market appreciation and net inflows
NET INFLOWS - $2.2 bln net inflows primarily from commodity, cryptocurrency, and international developed equity products
HIGHER REVENUES - 11.5% increase in operating revenues due to higher average AUM and increased revenues from European ETPs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue | Beat | $125.60 mln | $120.90 mln (5 Analysts) |
Q3 Adjusted EPS | Beat | $0.23 | $0.20 (6 Analysts) |
Q3 EPS | $0.13 | ||
Q3 Adjusted Gross Margin | 82.20% | ||
Q3 Adjusted Operating Income Margin | 38.30% | ||
Q3 Operating Income Margin | 36.30% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "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 WisdomTree Inc is $15.50, about 25.3% above its October 30 closing price of $11.58
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nBw1f1FyFa
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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.)