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Victory Capital Holdings Inc (VCTR)
NASDAQ:VCTR
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.41Last Year’s EPS
1.25Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 2.27%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, with record-breaking revenue, strong growth in the ETF platform, and progress in the Amundi acquisition. Despite these successes, there were some challenges, including a decline in total client assets and outflows in the Sycamore franchise. Overall, the positive highlights significantly outweigh the lowlights, indicating strong performance and growth potential.Company Guidance
In the Victory Capital fourth quarter 2024 earnings call, several key financial metrics and business updates were discussed. The company reported a record high adjusted earnings per diluted share with tax benefit of $1.45 for the quarter, marking a 7% increase from the previous quarter and a 26% rise from the fourth quarter of 2023. Year-over-year, the adjusted earnings per diluted share increased by 19%, from $4.51 in 2023 to $5.36 in 2024. Victory Capital also achieved record adjusted EBITDA of $126 million and a margin of 54%. Total client assets grew to $176.1 billion, up $9.5 billion or 6% from the previous year. The company reaffirmed its guidance of $100 million in cost synergies from the Amundi acquisition by the end of the second year of ownership, with the majority of savings expected in the first year post-closing. Additionally, Victory Capital's ETF platform, Victory Shares, saw significant growth, with assets under management nearing $12 billion, fueled by strong sales of both rules-based and active ETFs. The company also highlighted its capital return to shareholders, with $132.4 million returned in the fourth quarter and the authorization of a new $200 million share repurchase program.Record Revenue and Earnings
Victory Capital reported record revenue of $232.4 million for the fourth quarter and $893 million for the full year 2024, a 9% increase from 2023. Adjusted earnings per diluted share reached a record high of $1.45 in the quarter, up 26% year-over-year.
Strong Growth in ETF Platform
Victory Shares ETF platform achieved strong sales throughout the year, increasing AUM to close to $12 billion. It experienced accelerated growth, largely due to innovative product launches and expanded distribution reach.
Amundi Acquisition Progress
The acquisition of Amundi U.S. is on track to close by the end of the quarter, with anticipated $100 million in cost synergies. Amundi U.S. mutual funds posted net long-term flows of $2.6 billion in 2024.
Shareholder Returns
Victory Capital returned $132.4 million to shareholders in Q4 through share repurchases and dividends, and announced a 7% increase in its quarterly cash dividend.
Record Adjusted EBITDA and Margin
Adjusted EBITDA reached a record $125.5 million in Q4 with a margin of 54%. For the full year, adjusted EBITDA grew by 14% to $476 million, with a margin expansion of 230 basis points to 53.2%.
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VCTR 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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VCTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $65.19 | $70.10 | +7.53% |
| Nov 07, 2024 | $62.67 | $65.24 | +4.10% |
| Aug 08, 2024 | $46.04 | $47.97 | +4.19% |
| May 09, 2024 | $50.77 | $47.31 | -6.82% |
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 Victory Capital Holdings Inc (VCTR) report earnings?
Victory Capital Holdings Inc (VCTR) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Victory Capital Holdings Inc (VCTR) earnings time?
Victory Capital Holdings Inc (VCTR) earnings time is at May 01, 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 VCTR EPS forecast?
VCTR EPS forecast for the fiscal quarter 2025 (Q1) is 1.41.
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