In This Article:
Silvercrest Asset Management Group (NASDAQ:SAMG) Full Year 2024 Results
Key Financial Results
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Revenue: US$123.7m (up 5.3% from FY 2023).
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Net income: US$9.54m (up 4.8% from FY 2023).
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Profit margin: 7.7% (in line with FY 2023).
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EPS: US$1.00 (up from US$0.96 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Silvercrest Asset Management Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%.
In the last 12 months, the only revenue segment was Investment Management Industry contributing US$123.7m. Notably, cost of sales worth US$76.7m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$29.3m (78% of total expenses). Explore how SAMG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 5.2% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Silvercrest Asset Management Group's balance sheet.
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