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Sprott (SII)
NYSE:SII
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.5Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: -3.59%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a predominantly positive outlook, with record-breaking assets under management, significant financial performance improvements, and strategic product launches. However, some challenges were noted, particularly in the managed equity segment and muted sales in equity ETFs. Overall, the highlights significantly outweighed the lowlights.Company Guidance
In the third quarter of 2024, Sprott Inc. reported a substantial increase in assets under management (AUM), which rose by $2.3 billion to reach a record high of $33.4 billion, and further increased to $34.2 billion by November 1. This growth was largely driven by a 32% year-to-date increase in gold prices and a 36% rise in silver prices, which boosted the performance of their managed equity strategies. The company also achieved net sales of $589 million during the quarter, predominantly in their physical gold and silver funds. Financially, Sprott's net income for the quarter was $12.7 million, marking an 87% increase from the previous year, with adjusted base EBITDA at $20.7 million, up 16%. The firm's strong earnings led to a 20% dividend increase, and they aim to be debt-free by the year's end. Looking forward, Sprott plans to launch two new precious metals ETFs in the first quarter of 2025.Record-Breaking Assets Under Management
Assets under management increased by $2.3 billion to $33.4 billion, reaching another record high for Sprott. AUM grew further to $34.2 billion as of November 1.
Significant Increase in Precious Metals Prices
Gold prices increased by 32% year-to-date and silver prices rose by approximately 36%, driving asset growth.
Strong Financial Performance
Net income for the quarter was $12.7 million, up 87% from the same period last year. Year-to-date net income was $37.6 million, up 17% from the previous year.
Increased Dividend and Debt-Free Outlook
Due to improved earnings, Sprott increased its dividend by 20% and expects to be debt-free by the end of November.
Launch of New Products
Development of two new precious metals ETFs, expected to launch in Q1 2025.
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SII 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
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SII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $45.12 | $42.82 | -5.10% |
| Aug 07, 2024 | $39.74 | $38.82 | -2.32% |
| May 08, 2024 | $40.20 | $39.92 | -0.70% |
| Feb 21, 2024 | $36.87 | $36.07 | -2.17% |
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.
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FAQ
When does Sprott (SII) report earnings?
Sprott (SII) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Sprott (SII) earnings time?
Sprott (SII) earnings time is at Feb 21, 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 SII EPS forecast?
SII EPS forecast for the fiscal quarter 2024 (Q4) is 0.5.
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