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Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) missed earnings with its latest first-quarter results, disappointing overly-optimistic forecasters. Silvercrest Asset Management Group missed analyst forecasts, with revenues of US$31m and statutory earnings per share (EPS) of US$0.26, falling short by 5.5% and 3.7% respectively. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Silvercrest Asset Management Group after the latest results.

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Following last week's earnings report, Silvercrest Asset Management Group's two analysts are forecasting 2025 revenues to be US$126.9m, approximately in line with the last 12 months. Statutory earnings per share are forecast to shrink 4.6% to US$0.91 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$132.7m and earnings per share (EPS) of US$1.02 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.

View our latest analysis for Silvercrest Asset Management Group

Despite the cuts to forecast earnings, there was no real change to the US$23.75 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Silvercrest Asset Management Group's growth to accelerate, with the forecast 2.3% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.8% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 5.4% annually. So it's clear that despite the acceleration in growth, Silvercrest Asset Management Group is expected to grow meaningfully slower than the industry average.