Silvercrest Asset Mgmt Gr Stock (NASDAQ: SAMG)

Silvercrest Asset Mgmt Gr Stock (NASDAQ:SAMG), Trade Ideas

Silvercrest Asset Mgmt Gr

Silvercrest Asset Management Group Inc is a wealth management firm focused on providing financial advisory and related family office services to ultra-high net-worth individuals and institutional investors. It advises clients on traditional investment strategies focused on equities, fixed income and cash as well as non-traditional investment strategies including hedge funds, private equity funds, real estate and commodities. It also provides clients with family office services and related administrative services, which include financial planning, tax planning and preparation, partnership accounting and fund administration, and consolidated wealth reporting. The company derives revenues principally from assets under management.

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Silvercrest Asset Management Group Inc. - Common Stock

Silvercrest Asset Management Group Inc

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.36 by 80.56 percent. This is a 53.33 percent decrease over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $28.54 million which missed the analyst consensus estimate of $28.89 million by 1.20 percent. This is a 0.18 percent increase over sales of $28.49 million the same period last year.

Silvercrest Asset Mgmt Gr Q4 Adj. EPS $0.07 Misses $0.36 Estimate, Sales $28.54M Miss $28.89M Estimate

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is set to give its latest quarterly earnings report on Friday, 2024-03-08. Here's what investors need to know before the announcement.
Analysts estimate that Silvercrest Asset Mgmt Gr will report an earnings per share (EPS) of $0.36. 
Silvercrest Asset Mgmt Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 0.34% drop in the share price the next day.
Here's a look at Silvercrest Asset Mgmt Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.38</td>
<td>0.37</td>
<td>0.31</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.36</td>
<td>0.34</td>
<td>0.35</td>
<td>0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709820068_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Silvercrest Asset Mgmt Gr were trading at $16.92 as of March 05. Over the last 52-week period, shares are up 5.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAMG/earnings">To track all earnings releases for Silvercrest Asset Mgmt Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Silvercrest Asset Mgmt Gr Earnings Preview

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.38 by 5.26 percent. This is a 5.88 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $29.70 million which missed the analyst consensus estimate of $31.67 million by 6.21 percent. This is a 2.28 percent increase over sales of $29.04 million the same period last year.

Silvercrest Asset Mgmt Gr Q3 2023 Adj EPS $0.36 Misses $0.38 Estimate, Sales $29.70M Miss $31.67M Estimate

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-02. Here's what investors need to know before the announcement.
Analysts estimate that Silvercrest Asset Mgmt Gr will report an earnings per share (EPS) of $0.38. 
Silvercrest Asset Mgmt Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 1.02% increase in the share price the next day.
Here's a look at Silvercrest Asset Mgmt Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.37</td>
<td>0.31</td>
<td>0.36</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.35</td>
<td>0.15</td>
<td>0.34</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.02%</td>
<td>-1.17%</td>
<td>-2.08%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698868897_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Silvercrest Asset Mgmt Gr were trading at $17.75 as of October 31. Over the last 52-week period, shares are down 1.44%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAMG/earnings">To track all earnings releases for Silvercrest Asset Mgmt Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Silvercrest Asset Mgmt Gr's Earnings

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.38 by 10.53 percent. This is a 12.82 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $29.73 million which missed the analyst consensus estimate of $30.77 million by 3.37 percent. This is a 7.58 percent decrease over sales of $32.17 million the same period last year.

Earnings Misses

Silvercrest Asset Mgmt Gr Q2 EPS $0.34 Misses $0.38 Estimate, Sales $29.73M Miss $30.77M Estimate

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is set to give its latest quarterly earnings report on Friday, 2023-07-28. Here's what investors need to know before the announcement.
Analysts estimate that Silvercrest Asset Mgmt Gr will report an earnings per share (EPS) of $0.38. 
Silvercrest Asset Mgmt Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 1.17% drop in the share price the next day.
Here's a look at Silvercrest Asset Mgmt Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.37</td>
<td>0.31</td>
<td>0.36</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.15</td>
<td>0.34</td>
<td>0.39</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.17%</td>
<td>-2.08%</td>
<td>0.0%</td>
<td>2.06%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1690477305_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Silvercrest Asset Mgmt Gr were trading at $21.6 as of July 26. Over the last 52-week period, shares are up 16.52%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAMG/earnings">To track all earnings releases for Silvercrest Asset Mgmt Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:01 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Silvercrest Asset Mgmt Gr missed estimated earnings by 5.41%, reporting an EPS of $0.35 versus an estimate of $0.37.
Revenue was down $4.08 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.16 which was followed by a 2.08% drop in the share price the next day.
Here's a look at Silvercrest Asset Mgmt Gr's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.31</td>
<td>0.36</td>
<td>0.43</td>
<td>0.48</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.15</td>
<td>0.34</td>
<td>0.39</td>
<td>0.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>28.04M</td>
<td>29.10M</td>
<td>32.22M</td>
<td>33.51M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>28.49M</td>
<td>29.04M</td>
<td>32.17M</td>
<td>33.51M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Silvercrest Asset Mgmt Gr <a href="https://www.benzinga.com/quote/SAMG/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Silvercrest Asset Mgmt Gr: Q1 Earnings Insights

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.37 by 5.41 percent. This is a 22.22 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $29.43 million which missed the analyst consensus estimate of $29.65 million by 0.74 percent. This is a 12.18 percent decrease over sales of $33.51 million the same period last year.

Silvercrest Asset Mgmt Gr Q1 Adj. EPS $0.35 Misses $0.37 Estimate, Sales $29.43M Miss $29.65M Estimate

Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is set to give its latest quarterly earnings report on Thursday, 2023-05-04. Here's what investors need to know before the announcement.
Analysts estimate that Silvercrest Asset Mgmt Gr will report an earnings per share (EPS) of $0.37. 
Silvercrest Asset Mgmt Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.16, which was followed by a 2.08% drop in the share price the next day.
Here's a look at Silvercrest Asset Mgmt Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.31</td>
<td>0.36</td>
<td>0.43</td>
<td>0.48</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.15</td>
<td>0.34</td>
<td>0.39</td>
<td>0.45</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.08%</td>
<td>0.0%</td>
<td>2.06%</td>
<td>1.38%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1683144097_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Silvercrest Asset Mgmt Gr were trading at $17.92 as of May 02. Over the last 52-week period, shares are down 12.71%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAMG/earnings">To track all earnings releases for Silvercrest Asset Mgmt Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Silvercrest Asset Mgmt Gr's Earnings: A Preview

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li>Bank of the James Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTJ#NASDAQ">BOTJ</a>) - P/E: 6.81</li>
<li>Silvercrest Asset Mgmt Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) - P/E: 9.11</li>
<li>SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) - P/E: 7.9</li>
<li>FinVolution Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINV#NYSE">FINV</a>) - P/E: 4.27</li>
<li>United Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBFO#NASDAQ">UBFO</a>) - P/E: 8.18</li>
</ol>
Bank of the James Finl Gr saw a decrease in earnings per share from 0.55 in Q3 to $0.42 now. The company's most recent dividend yield sits at 2.53%, which has decreased by 0.43% from 2.96% last quarter. 
Silvercrest Asset Mgmt Gr has reported Q4 earnings per share at $0.15, which has decreased by 55.88% compared to Q3, which was 0.34. The company's most recent dividend yield sits at 3.68%, which has decreased by 0.11% from 3.79% last quarter. 
Most recently, SLM reported earnings per share at $-0.33, whereas in Q3 earnings per share sat at $0.29. Its most recent dividend yield is at 2.59%, which has decreased by 0.23% from 2.82% in the previous quarter.
This quarter, FinVolution Gr experienced a decrease in earnings per share, which was $0.31 in Q2 and is now $0.3. This quarter, United Security experienced an increase in earnings per share, which was $0.26 in Q3 and is now $0.31. Its most recent dividend yield is at 6.22%, which has decreased by 0.44% from 6.66% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

BOTJ

FINV

UBFO

Overview Of Value Stocks In The Financial Services Sector

<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data,</a> Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) posted Q4 earnings of $3.28 million, an increase from Q3 of 41.86%. Sales dropped to $28.49 million, a 1.89% decrease between quarters. Silvercrest Asset Mgmt earned $5.64 million, and sales totaled $29.04 million in Q3.
<h3>Why Is ROCE Significant?</h3>
Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, Silvercrest Asset Mgmt posted an ROCE of 0.03%.
It is important to keep in mind that ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Silvercrest Asset Mgmt is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For Silvercrest Asset Mgmt, the positive return on capital employed ratio of 0.03% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Upcoming Earnings Estimate</h3>
Silvercrest Asset Mgmt reported Q4 earnings per share at $0.15/share, which did not meet analyst predictions of $0.31/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Silvercrest Asset Mgmt's Return On Capital Employed Insights

Piper Sandler analyst Sumeet Mody maintains Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) with a Overweight and raises the price target from $21 to $23.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Silvercrest Asset Mgmt, Raises Price Target to $23

Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.31 by 51.61 percent. This is a 74.14 percent decrease over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $28.49 million which beat the analyst consensus estimate of $28.04 million by 1.60 percent. This is a 15.72 percent decrease over sales of $33.80 million the same period last year.

Silvercrest Asset Mgmt Q4 EPS $0.15 Misses $0.31 Estimate, Sales $28.49M Beat $28.04M Estimate

Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is set to give its latest quarterly earnings report on Friday, 2023-03-03. Here's what investors need to know before the announcement.
Analysts estimate that Silvercrest Asset Mgmt will report an earnings per share (EPS) of $0.31. 
Silvercrest Asset Mgmt bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Silvercrest Asset Mgmt's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.43</td>
<td>0.48</td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.39</td>
<td>0.45</td>
<td>0.58</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>2.06%</td>
<td>1.38%</td>
<td>4.72%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1677765691_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Silvercrest Asset Mgmt were trading at $17.67 as of February 28. Over the last 52-week period, shares are up 4.87%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAMG/earnings">To track all earnings releases for Silvercrest Asset Mgmt visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Silvercrest Asset Mgmt's Earnings Outlook

Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) is set to give its latest quarterly earnings report on Thursday, 2023-03-02. Here's what investors need to know before the announcement.
Analysts estimate that Silvercrest Asset Mgmt will report an earnings per share (EPS) of $0.31. 
Silvercrest Asset Mgmt bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Silvercrest Asset Mgmt's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.43</td>
<td>0.48</td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.39</td>
<td>0.45</td>
<td>0.58</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>2.06%</td>
<td>1.38%</td>
<td>4.72%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1677690167_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Silvercrest Asset Mgmt were trading at $17.79 as of February 28. Over the last 52-week period, shares are up 2.57%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAMG/earnings">To track all earnings releases for Silvercrest Asset Mgmt visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Silvercrest Asset Mgmt's Earnings

Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.36 by 5.56 percent. This is a 22.73 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $29.04 million which missed the analyst consensus estimate of $29.10 million by 0.21 percent. This is a 13.21 percent decrease over sales of $33.46 million the same period last year.

Silvercrest Asset Mgmt Q3 EPS $0.34 Misses $0.36 Estimate, Sales $29.04M Miss $29.10M Estimate

Piper Sandler analyst Sumeet Mody maintains Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) with a Overweight and lowers the price target from $24 to $21.

Piper Sandler Maintains Overweight on Silvercrest Asset Mgmt, Lowers Price Target to $21

Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.43 by 9.3 percent. This is a 13.33 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $32.17 million which missed the analyst consensus estimate of $32.22 million by 0.15 percent. This is a 2.80 percent decrease over sales of $33.10 million the same period last year.

Silvercrest Asset Mgmt Q2 EPS $0.39 Misses $0.43 Estimate, Sales $32.17M Miss $32.22M Estimate

Piper Sandler analyst Sumeet Mody maintains Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) with a Overweight and lowers the price target from $25 to $24.

Piper Sandler Maintains Overweight on Silvercrest Asset Mgmt, Lowers Price Target to $24

Silvercrest Asset Mgmt (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAMG#NASDAQ">SAMG</a>) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.48 by 6.25 percent. This is a 7.14 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $33.50 million which missed the analyst consensus estimate of $34.94 million by 4.12 percent. This is a 7.24 percent increase over sales of $31.24 million the same period last year.

Silvercrest Asset Mgmt Q1 EPS $0.45 Misses $0.48 Estimate, Sales $33.50M Miss $34.94M Estimate

Silvercrest Asset Management (SAMG) has released an update. Silvercrest Asset Management Group Inc. has announced a quarterly dividend of $0.19 per...

Silvercrest Asset Management Announces Quarterly Dividend

Dividend Champion, Contender, And Challenger Highlights: Week Of March 3

Silvercrest Asset Management reports Q4 results

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Silvercrest Asset Mgmt Gr (NASDAQ:<a href="https://investorplace.com/stock-quotes/samg-stock-quote/">SAMG</a>) just reported results for the fourth quarter of 2023.<ul><li>Silvercrest Asset Mgmt Gr reported earnings per share of 7 cents. This was below the analyst estimate for EPS of 36 cents.</li><li>The company reported revenue of $28.54 million.</li><li>This was 1.20% worse than the analyst estimate for revenue of $28.89 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/samg-stock-earnings-silvercrest-asset-mgmt-gr-for-q4-of-2023/">SAMG Stock Earnings: Silvercrest Asset Mgmt Gr Misses EPS, Misses Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SAMG Stock Earnings: Silvercrest Asset Mgmt Gr Misses EPS, Misses Revenue for Q4 2023

Silvercrest Asset Management Non-GAAP EPS of $0.07 misses by $0.29, revenue of $28.5M misses by $0.38M

Silvercrest Asset Management Group Inc. (SAMG) Q4 2023 Earnings Call Transcript

Dividend Champion, Contender, And Challenger Highlights: Week Of March 10

Warning: SAMG is at high risk of performing badly

With $10 trillion in AUM and upcoming acquisitions, Investment Giant BlackRock's (BLK) long-term prospects shine bright. However, macroeconomic challenges exist. As the company gears up to unveil its earnings this Friday, let us analyze whether the stock is a Hold or Sell… Mega investment company BlackRock, Inc. (<a href="https://stocknews.com/stock/BLK/">BLK</a>) is set to announce its fiscal first quarter (ended March 2024) earnings on April 12, 2024. In this article, I've discussed why waiting for a better entry point in this stock could be ideal.
The world's largest asset manager, BLK had $10 trillion in <a href="https://www.investopedia.com/terms/a/aum.asp">AUM</a> as of December 31, 2023, following $289 billion of full-year net inflows, including $96 billion in the fourth quarter.
For the fiscal first quarter ended March 2024, Street projects BLK's revenue and EPS to rise 10.7% and 18.3% year-over-year to $4.70 billion and $9.38, respectively. However, worries regarding market basket pricing, order volumes, and the negative effects of foreign currency exchange rates on international franchise royalties and fees pose challenges to the company.
In terms of price performance, the stock has declined 3.6% over the past month but gained 24.6% over the past six months, closing the last trading session at $797.56.
Here is what could impact BLK's performance in the upcoming months:
BLK Launches Tokenized Fund BUIDL
On March 20, BLK introduced its inaugural tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), on a public blockchain via Securitize Markets, LLC. This initiative allows qualified investors to earn U.S. dollar yields by subscribing to the Fund.
Expanding Wealth Management Offerings with New Acquisition
On March 8, BLK announced its intention to acquire the remaining equity interest in SpiderRock Advisors (SRA), a leading provider of customized option overlay strategies in the U.S. wealth market. This move expands BlackRock's commitment to personalized separately managed accounts (SMAs), meeting the growing demand from wealth managers for personalized, tax-efficient portfolios. ‘
As of February 2024, SRA's SMA strategies were estimated to have approximately $4.80 billion in client assets. Thus, SRA's SMA strategies are expected to play a significant role in BlackRock's wealth management offerings.
Mixed Financials
During the fiscal year 2023, BLK's total revenue declined marginally year-over-year to $17.86 billion. While its total expenses rose marginally from the prior-year to $11.58 billion, adjusted operating income grew 1.8% year-over-year to $6.59 billion.
Moreover, adjusted net income attributable to BLK improved 5.6% and 6.8% year-over-year to $5.69 billion and $37.77 per share.
Mixed Profitability
BLK's trailing-12-month gross profit margin of 48.70% is 18% lower than the industry average of 59.39%. Its trailing-12-month asset turnover ratio of 0.15x is 29.8% lower than the 0.21x industry average.
However, its trailing-12-month EBIT and EBITDA margins of 35.49% and 37.89% are favorably higher than the 22.65% and 21.83% industry averages.
Premium Valuation
In terms of non-GAAP forward P/E, the stock is currently trading at 19.56x, which is 88.6% higher than the 10.37x industry average. Its 5.87 forward Price/Sales multiple is 135.2% higher than the 2.49 industry average. Also, BLK's 6.01x forward EV/Sales is 95.3% higher than the 3.08x industry average.
POWR Ratings Reflect Uncertainty
BLK has an overall C rating, which equates to Neutral in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. BLK has a C grade Growth, consistent with its mixed performance in the recent quarter.
The stock also has a C for Quality, which syncs with its mixed profit margins. Its 24-month beta of 1.62 aligns with its C grade in Stability.
Of the 44 stocks in the C-rated <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry, BLK is ranked #31.
Beyond what I've stated above, one can view BLK ratings for Growth, Value, Stability, and Quality <a href="https://stocknews.com/stock/blk/">here</a>.
Bottom Line
Although BLK is trading above its 200-day moving average of $732,59, it is below its 50-day moving average of $807.48.
Moreover, BLK's plans to acquire SpiderRock Advisors enhances its commitment to personalized SMAs in the U.S. wealth market.
While BLK shows promise for long-term growth, its mixed profitability, high beta value, and premium valuation multiples present challenges in the short term. Given these uncertainties, it might be wise for potential investors to wait for a more favorable opportunity to invest in BLK.
How Does BlackRock, Inc. (BLK) Stack Up Against Its Peers?
With its uncertain short-term outlook, BLK's chances of outperforming in the coming weeks and months are diminished. However, you might want to explore other stocks in the <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry that carry A (Strong Buy) and B (Buy) ratings.
Westwood Holdings Group Inc (<a href="https://stocknews.com/stock/WHG/">WHG</a>)
Silvercrest Asset Management Group Inc. (<a href="https://stocknews.com/stock/SAMG/">SAMG</a>)
Crescent Capital BDC, Inc. (<a href="https://stocknews.com/stock/CCAP/">CCAP</a>)
For exploring more asset management stocks, click <a href="https://stocknews.com/category/asset-management/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
BLK shares were trading at $807.16 per share on Monday afternoon, up $9.60 (+1.20%). Year-to-date, BLK has gained 0.05%, versus a 9.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/blk-whg-samg-ccap-blackrock-blk-pre-earnings-outlook-hold-or-sell/>BlackRock (BLK) Pre-Earnings Outlook - Hold or Sell?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>