GCM Grosvenor Inc reports results for the quarter ended June 30 - Earnings Summary

• GCM Grosvenor Inc GCMG.OQ reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of five analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 15 cents to 16 cents per share.

• Revenue rose 2.3% to $119.66 million from a year ago; analysts expected $117.30 million.

• GCM Grosvenor Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $15.44 million.

• GCM Grosvenor Inc shares had risen by 1.8% this quarter and lost 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "hold."

• Wall Street's median 12-month price target for GCM Grosvenor Inc is $14.25, about 17.4% above its last closing price of $11.77

This summary was machine generated from LSEG data August 7 at 05:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)