Education
About Us
Working with TipRanks
Follow Us
Horizon Kinetics Holding Corporation (HKHC)
:HKHC
RESEARCH TOOLSreports
Earnings Data
Report Date
―TBA Not Confirmed
Period Ending
―Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 0.06%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong financial performance and record-breaking earnings, tempered by challenges in managing cash flow for tax obligations and the complexity of financial reporting. While the company's achievements in revenue growth and future tax advantages were notable, the need for improved financial transparency and cash management was also evident.Company Guidance
During the call, Horizon Kinetics provided guidance that highlighted their record earnings for the fiscal year 2024, with net revenue reaching over $113 million, driven significantly by performance fees which constituted more than half of their revenue. The company emphasized the importance of understanding the consolidated financial statements, which showed assets and liabilities related to proprietary funds, affecting the revenue presentation. Performance fees were high, unexpectedly boosting revenue and nearly exhausting cash reserves due to tax obligations. The company also discussed strategic moves, like launching a Japan ETF and preparing Consensus Mining for a public listing, indicating a focus on specific investment areas rather than large capitalization stocks. They elaborated on tax advantages expected in fiscal year 2025 due to changes in tax computation based on service consumption locations. The company plans to maintain a disciplined approach to asset management, ensuring a focus on high-margin, specialized investments to optimize returns and manage risks related to liquidity and taxation.Record-Breaking Earnings
Horizon Kinetics reported record earnings for 2024, the highest in the company's 30-year history, with a significant portion of revenue coming from performance fees.
Strong Financial Position
The company's balance sheet figures were also at a record high, with net revenue over $113 million, highlighting strong financial health.
Growth in Exchange-Traded Funds
Horizon Kinetics' exchange-traded funds (ETFs) segment reached over $1.1 billion, with plans to launch a Japan ETF soon.
Potential Tax Advantages in 2025
Future tax calculations will be based on where services are consumed rather than produced, potentially reducing state and local taxes.
---
Horizon Kinetics Holding Corporation (HKHC) Earnings, Revenues Date & History
HKHC 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
---
HKHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $34.50 | $35.00 | +1.45% |
| Nov 12, 2024 | $35.83 | $37.82 | +5.55% |
| Aug 09, 2024 | $23.39 | $22.89 | -2.14% |
| May 10, 2024 | $18.12 | $17.72 | -2.21% |
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.
---
FAQ
When does Horizon Kinetics Holding Corporation (HKHC) report earnings?
Currently, no data Available
What is Horizon Kinetics Holding Corporation (HKHC) earnings time?
Currently, no data Available
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 HKHC EPS forecast?
Currently, no data Available
---