AlTi Global, Inc reports results for the quarter ended June 30 - Earnings Summary

• AlTi Global, Inc ALTI.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The lone analyst forecast for the quarter was for breakeven results per share.

• Revenue rose 7.4% to $53.13 million from a year ago; analysts expected $55.20 million.

• The company reported a quarterly loss of $24.36 million.

• AlTi Global, Inc shares had risen by 9.9% this quarter and gained 3.4% so far this year.

FORECAST CHANGES

• 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 "strong buy" and the breakdown of recommendations is 1 "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 AlTi Global, Inc is $9.00, about 49.3% above its last closing price of $4.56

This summary was machine generated from LSEG data August 11 at 09:01 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)