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WisdomTree (WT)
NYSE:WT
Holding WT?
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.18Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -7.05%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with record AUM and revenue growth, significant margin and earnings expansion, and strategic initiatives in tokenization. However, the company faced challenges with product outflows and increased interest expenses.Company Guidance
During the WisdomTree Third Quarter 2024 Earnings Call, the company provided guidance with several key metrics highlighted. The firm reported achieving a record Assets Under Management (AUM) of $113 billion, despite $2.4 billion in outflows during the quarter. These outflows primarily originated from their currency-hedged Japan product, DXJ, and their floating rate treasury product, USFR. The company executed a strategic repurchase of preferred stock, issuing $240 million in new convertible notes, reducing interest rates from 5.75% to 3.25%, and increasing the conversion price from $9.54 to $11.82. This financial maneuver decreased diluted shares by approximately $20 million and resulted in a 9% accretive transaction. Adjusted revenues were reported at $109.4 million, a 2.3% increase from the previous quarter, and up 20.5% from the prior year, with an adjusted operating margin of 34.3%. Discretionary spending for the year is anticipated to range between $62 million and $65 million, slightly narrowed from previous guidance. The annual adjusted interest expense guidance was updated to approximately $16 million, reflecting the impact of recent financial activities. Overall, WisdomTree is optimistic about its positioning and continues to focus on growth, margin expansion, and strategic initiatives such as tokenization.Record AUM and Revenue Growth
Achieved record assets under management (AUM) of $113 billion, with adjusted revenues of $109.4 million for the quarter, a 2.3% increase from the previous quarter and a 20.5% increase from the prior year.
Margin and Earnings Expansion
Operating margin expanded by 800 basis points to 37.3%, with earnings per share growing by 80% year-over-year.
Accretive Capital Management Actions
Raised $240 million in convertible notes, reduced interest rate from 5.75% to 3.25%, and increased conversion price from $9.54 to $11.82, leading to a 9% accretive transaction.
Tokenization Strategy and Platform Expansion
Launched WisdomTree Connect for institutional users and continued expansion of WisdomTree Prime, aiming for nationwide availability by year-end.
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WT 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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WT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $10.35 | $10.44 | +0.87% |
| Jul 26, 2024 | $10.85 | $11.55 | +6.45% |
| Apr 26, 2024 | $8.69 | $8.57 | -1.38% |
| Feb 02, 2024 | $6.67 | $6.72 | +0.75% |
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 WisdomTree (WT) report earnings?
WisdomTree (WT) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is WisdomTree (WT) earnings time?
WisdomTree (WT) earnings time is at Jan 31, 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 WT EPS forecast?
WT EPS forecast for the fiscal quarter 2024 (Q4) is 0.18.
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