Silvercrest Q2 EPS miss estimates
Overview
Silvercrest Q2 revenue, down 1% yr/yr, but still in-line with analyst expectations, per LSEG data
Adjusted EPS for Q2 misses consensus
Co announced $25 mln stock buyback on May 23 and 5% dividend increase On July 30
Outlook
Silvercrest expects significant organic client flows in 2025 and 2026
Company sees robust business pipeline supporting future growth
Result Drivers
AUM GROWTH - Discretionary AUM increased by 4.4% sequentially, driven by market appreciation despite net client outflows
ORGANIC CLIENT GROWTH - Silvercrest added $80 mln in organic new client accounts during Q2, totaling $0.5 bln in new accounts for H1 2025
FEE RATE IMPACT - Revenue decline attributed to a decrease in average annual management fee rate
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Meet | $30.67 mln | $30.80 mln (2 Analysts) |
Q2 Adjusted EPS | Miss | $0.25 | $0.3 (2 Analysts) |
Q2 Adjusted Net Income | Miss | $3.26 mln | $4 mln (2 Analysts) |
Q2 Net Income |
| $3.15 mln |
|
Q2 Adjusted EBITDA | Miss | $5.74 mln | $6.99 mln (2 Analysts) |
Q2 Adjusted EBITDA Margin |
| 18.7% |
|
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 $23.50, about 30.5% above its July 30 closing price of $16.33
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNX3vcq0Q
