StepStone Group Inc reports results for the quarter ended June 30 - Earnings Summary

• StepStone Group Inc STEP.OQ reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of five analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 39 cents to 47 cents per share.

• Revenue rose 104.6% to $364.29 million from a year ago; analysts expected $238.45 million.

• StepStone Group Inc's reported EPS for the quarter was a loss of 49 cents​.

• The company reported a quarterly loss of $38.42 million.

• StepStone Group Inc shares had risen by 5.2% this quarter and gained 0.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

• Wall Street's median 12-month price target for StepStone Group Inc is $62.50, about 8.1% above its last closing price of $57.45

This summary was machine generated from LSEG data August 8 at 03:30 a.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)