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Stepstone Group, Inc. (STEP)
:STEP
Holding STEP?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.45Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 09, 2021
|% Change Since: -5.46%
|Next Earnings Date:Nov 10, 2020
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in fee-related earnings, successful fundraising activities, and robust AUM inflows, indicating positive business momentum. However, challenges such as muted realizations and liquidity constraints in the private market were noted. Overall, the positive achievements in earnings and fundraising outweigh the concerns, suggesting a favorable outlook.Company Guidance
During the StepStone earnings call for the second quarter of fiscal 2025, the company reported robust financial performance and provided guidance reflecting continued growth. They announced GAAP net income of $53.1 million, with $17.6 million attributable to StepStone Group, Inc., equating to $0.26 per share. Fee-related earnings (FRE) reached $72.3 million, marking a 65% increase from the previous year, with an FRE margin of 39%. Retroactive fees notably contributed $14.9 million to revenue. Adjusted net income for the quarter was $53.6 million, or $0.45 per share, up from $30.2 million, or $0.26 per share, in the same quarter last year. The company also celebrated fundraising milestones, including closing the fifth vintage of their private equity secondaries fund at $4.8 billion, and surpassing $5 billion in net asset value in their private wealth platform, contributing to the growth of fee-earning AUM by $4 billion and gross AUM inflows of nearly $6 billion.Record Fee-related Earnings
Generated fee-related earnings of $72.3 million, up 65% from the prior year quarter, with a margin of 39%.
Successful Fundraising Efforts
Closed the fifth vintage of the private equity secondaries fund at $4.8 billion, the largest commingled fund to date. Achieved nearly $850 million in private wealth subscriptions.
Growth in Fee-Earning AUM
Grew fee-earning AUM by $4 billion and reported gross AUM inflows of nearly $6 billion.
High Management and Advisory Fees
Generated $185 million in management and advisory fees, up 30% from the prior year quarter.
Increased Adjusted Net Income
Reported adjusted net income of $53.6 million or $0.45 per share, up from $30.2 million or $0.26 per share in the prior year.
Robust 12-Month Gross AUM Inflows
Achieved over $30 billion in gross AUM inflows during the last 12 months, the best 12-month period ever.
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STEP 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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STEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $64.61 | $67.78 | +4.91% |
| Aug 08, 2024 | $46.02 | $49.56 | +7.69% |
| May 23, 2024 | $37.26 | $41.03 | +10.12% |
| Feb 08, 2024 | $33.50 | $35.61 | +6.30% |
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 Stepstone Group, Inc. (STEP) report earnings?
Stepstone Group, Inc. (STEP) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Stepstone Group, Inc. (STEP) earnings time?
Stepstone Group, Inc. (STEP) earnings time is at Feb 11, 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 STEP EPS forecast?
STEP EPS forecast for the fiscal quarter 2025 (Q3) is 0.45.
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