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B Riley Financial Inc (RILY)
NASDAQ:RILY
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -18.12%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Negative
The call highlighted steady performance in core businesses and strategic acquisitions that could drive future growth. However, the sentiment was overshadowed by substantial net losses, large write-downs, and the need to suspend dividends, compounded by an SEC investigation. These challenges indicate significant negative trends affecting the overall outlook.Company Guidance
During the B. Riley Financial Q2 2024 earnings call, Bryant Riley discussed several key financial metrics and strategic decisions. The company reported a preliminary net loss ranging from $435 million to $475 million, primarily due to a non-cash write-down of $330 million to $370 million related to the Freedom VCM investment. Operating adjusted EBITDA for the quarter is estimated between $50 million and $55 million, reflecting the stable performance of core businesses. Additionally, the company announced a pause in dividend payments to prioritize debt reduction, as the current leverage ratio exceeds the target range of 2 to 3x. Riley highlighted that the Great American Group business generated approximately $153 million in revenue and $35 million in operating income for fiscal year 2023. Despite challenges, B. Riley remains focused on its core financial services, with an emphasis on enhancing and expanding its capabilities, evidenced by the recent acquisition of Interface Consulting International.Steady Core Business Performance
Operating adjusted EBITDA is expected to be in the range of $50 million to $55 million for the second quarter, demonstrating the consistent contribution of core businesses.
Strategic Acquisitions and Growth
In early July, the acquisition of Interface Consulting International was completed, enhancing the forensic accounting and litigation support practice at B. Riley Advisory Services.
Revitalization of Wealth Management and Institutional Broker-Dealer
Wealth Management has been rebuilt under the B. Riley banner, now generating double-digit EBITDA. B. Riley Securities continues to provide significant value to clients and subsidiaries.
Positive Market Trends
There is renewed optimism in small-cap stocks in a post-peak rate environment, with increased investor interest in energy infrastructure, fintech, and cryptocurrency.
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RILY 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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RILY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $5.85 | $5.93 | +1.37% |
| Aug 12, 2024 | $16.95 | $8.15 | -51.92% |
| May 15, 2024 | $31.66 | $28.07 | -11.34% |
| Feb 29, 2024 | $17.64 | $16.21 | -8.11% |
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 B Riley Financial Inc (RILY) report earnings?
B Riley Financial Inc (RILY) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is B Riley Financial Inc (RILY) earnings time?
B Riley Financial Inc (RILY) earnings time is at Feb 19, 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 RILY EPS forecast?
Currently, no data Available
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