Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Canaccord Genuity (CCORF)
OTHER OTC:CCORF
Earnings Data
Report Date
Jun 04, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.12Last Year’s EPS
0.11Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -10.39%
|Next Earnings Date:Jun 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong growth in wealth management and corporate financing, especially in the UK, Australia, and North America. However, challenges remain in the US market due to compliance costs and advisory revenue declines. Overall, the sentiment leans toward cautious optimism with growth potential despite some setbacks.Company Guidance
During the third fiscal quarter of 2025, Canaccord Genuity Group Inc. reported firmwide revenue of $451 million, marking a 16% increase year-over-year, and fiscal year-to-date revenue of $1.3 billion, a 22% rise from the previous year. Despite the revenue growth, adjusted pre-tax net income for the quarter fell by 11% year-over-year to $40 million, translating to an adjusted diluted earnings per share of $0.17. The company's wealth management division remained a strong contributor, with client assets reaching a record $115 billion, up 16% year-over-year. The division contributed 76% of adjusted EPS for the quarter and 82% for the year-to-date. The UK wealth management business reported record quarterly revenue of £116 million, while the Australian division achieved a 31% increase in quarterly revenue to $21 million. The capital markets division earned revenue of $211 million for the quarter, with a notable 46% year-over-year rise in corporate financing revenue to $58 million. However, profitability in this division was impacted by ongoing regulatory expenses in the U.S. The company announced a dividend of $0.085 per common share and expressed optimism for improving market conditions and strong future performance.Wealth Management Growth
Firmwide client assets reached a new record of $115 billion, a 16% year-over-year increase. North American wealth management revenue increased by 25% year-over-year to $96 million.
Record UK & Crown Dependencies Revenue
The UK & Crown Dependencies division achieved record quarterly revenue of $116 million, up 14% year-over-year, with client assets reaching £36 billion, a 7% increase year-over-year.
Australian Wealth Management Success
Australian wealth management business earned record quarterly revenue of $21 million, a 31% increase year-over-year, with managed client assets growing 33% to $8 billion.
Increased Corporate Financing Revenue
Corporate financing revenue increased by 46% year-over-year to $58 million, with year-to-date revenue up 75% compared to the same period last year.
---
CCORF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CCORF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $6.74 | $6.32 | -6.23% |
| Nov 08, 2024 | $7.47 | $7.01 | -6.16% |
| Aug 08, 2024 | $6.29 | $5.51 | -12.40% |
| Jun 05, 2024 | $6.60 | $6.34 | -3.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Canaccord Genuity (CCORF) report earnings?
Canaccord Genuity (CCORF) is schdueled to report earning on Jun 04, 2025, TBA Not Confirmed.
What is Canaccord Genuity (CCORF) earnings time?
Canaccord Genuity (CCORF) earnings time is at Jun 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCORF EPS forecast?
CCORF EPS forecast for the fiscal quarter 2025 (Q4) is 0.12.
---
