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Westwood Holdings Group Inc (WHG)
NYSE:WHG
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)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:Feb 12, 2025
|% Change Since: 0.31%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong institutional growth, successful entry into the ETF market, and increased revenues and comprehensive income. However, there were notable challenges with net outflows in assets under management and a decrease in economic earnings year-over-year.Company Guidance
During the 4Q 2024 earnings call for Westwood Holdings Group Inc., the company shared various metrics and strategic initiatives. The company reported total revenues of $25.6 million for the fourth quarter, an increase from $23.7 million in the third quarter and $23.2 million in the prior year's fourth quarter. Fiscal year 2024 revenues reached $94.7 million, up from $89.8 million in 2023, driven by higher average assets under management. Comprehensive income for the quarter was $2.1 million, or $0.24 per share, compared to a net loss of $2.6 million, or $0.32 per share, in the previous year's fourth quarter. Firmwide assets under management and advisement totaled $17.6 billion at the end of the quarter, with institutional assets comprising 50% of the total. Westwood also highlighted the successful launch of its ETF platform, with the Westwood Salient Enhanced Midstream Income ETF reaching $73 million in assets by year-end. The company's board approved a regular cash dividend of $0.15 per share, to be paid on April 1, 2025.Institutional Growth Achievement
The institutional team won and funded eight mandates totaling over $600 million, a 100% increase over the prior year.
ETF Market Entry Success
Launched two active ETFs, reaching $73 million in assets by year-end, and expanded the ETF platform with new products.
Strong Revenue Increase
Fourth quarter revenues increased to $25.6 million from $23.7 million in the third quarter and $23.2 million in the prior year's fourth quarter.
Comprehensive Income Growth
Fourth quarter comprehensive income of $2.1 million, or $0.24 per share, compared to the prior year's fourth quarter net loss of $2.6 million.
Strategic Growth Initiatives
Completed build-out for managed investment solutions platform and promising client conversations are underway.
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WHG 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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WHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $16.39 | $16.75 | +2.20% |
| Oct 30, 2024 | $15.34 | $15.47 | +0.85% |
| Jul 31, 2024 | $12.99 | $12.73 | -2.00% |
| May 01, 2024 | $12.17 | $12.12 | -0.41% |
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 Westwood Holdings Group Inc (WHG) report earnings?
Westwood Holdings Group Inc (WHG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Westwood Holdings Group Inc (WHG) earnings time?
Westwood Holdings Group Inc (WHG) earnings time is at Apr 23, 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 WHG EPS forecast?
Currently, no data Available
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