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GCM Grosvenor (GCMG)
NASDAQ:GCMG
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 4.87%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a strong positive sentiment, with significant growth in financial metrics, successful fundraising efforts, and strategic progress in key areas such as credit and individual investor channels. While there are some uncertainties around catch-up fees and the timing of fundraising, the overall outlook for 2025 remains optimistic.Company Guidance
During the GCM Grosvenor 2024 fourth quarter and full year results call, the company's financial performance metrics were highlighted, showcasing impressive growth across several areas. Fee-related earnings (FRE) increased by 22% in Q4 and 19% for the full year compared to 2023, while adjusted net income rose by 63% in Q4 and 36% for the year. The FRE margin expanded to 42% in 2024 from 38% in 2023. Fundraising efforts were robust, with $7.1 billion raised in 2024, marking a 40% increase from 2023, and Q4 alone brought in $2.3 billion. The private equity seeding strategy, Elevate fund, closed nearly $800 million in a challenging market, and the firm plans to close additional funds in 2025. Assets under management (AUM) reached $80 billion, with fee-paying AUM at $65 billion. The firm also saw strong investment performance, with a 14.3% gross return from their multi-strategy composite for the year. Looking forward, GCM Grosvenor aims to double its 2023 fee-related earnings by 2028, supported by strong industry tailwinds and a diversified platform allowing multiple avenues for growth.Strong Financial Performance
Fee-related earnings increased by 22% in Q4 2024 and 19% for the full year, while adjusted net income increased by 63% in Q4 2024 and 36% for the full year compared to the previous year.
Significant Fundraising Achievements
Achieved $7.1 billion in total fundraising for 2024, a 40% increase from 2023. The fourth quarter fundraising of $2.3 billion was the highest in more than two years.
Operating Leverage and Margin Expansion
Fee-related earnings margin improved to 42% in 2024 from 38% in 2023 and 31% in 2020, indicating significant operating leverage.
Successful Specialized Fund Closings
Closed $1.9 billion of commitments to private market specialized funds, marking the second highest year on record.
Growth in Credit Platform
Raised $1.8 billion for credit investments, accounting for over 25% of total funds raised in 2024.
Positive Investment Performance
Multi-strategy composite generated a 14.3% gross return for the full year 2024, outperforming indices and peers.
Expansion in Individual Investor Channel
Launched infrastructure interval fund with a seeded portfolio of $240 million, indicating potential for future growth.
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GCMG 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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GCMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $13.56 | $14.07 | +3.76% |
| Nov 08, 2024 | $12.03 | $11.75 | -2.33% |
| Aug 08, 2024 | $10.20 | $10.08 | -1.18% |
| May 07, 2024 | $9.49 | $9.51 | +0.21% |
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 GCM Grosvenor (GCMG) report earnings?
GCM Grosvenor (GCMG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is GCM Grosvenor (GCMG) earnings time?
GCM Grosvenor (GCMG) earnings time is at May 13, 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 GCMG EPS forecast?
GCMG EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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