WT Earnings Prediction
The chart below shows how WT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WT sees a -0.63% change in stock price 10 days leading up to the earnings, and a +1.59% change 10 days following the report. On the earnings day itself, the stock moves by +0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
WT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
113.17M
25.15%
5.73%
Gross Margin
--
--
--
Operating Margin
36.05%
22.08%
15.14%
Net Margin
-3.96%
-127.58%
-119.48%
EPS
-0.13
-316.67%
-208.33%
No Data Available
WT Earnings Analysis
WisdomTree, Inc. Corporation (WT.N) Earnings Conference Call
Positive
Record AUM Achievement: Record AUM of $113 billion, highlighting the strength of our business model and product offering.
Quarterly Revenue Increase: Adjusted revenues were $109.4 million during the quarter, an increase of 2.3% from the second quarter and approximately 20.5% versus the prior year quarter, driven by higher average AUM.
Operating Margin Expansion: Our adjusted operating margin was 34.3%, representing expansion of over 820 basis points versus the prior year or 590 basis points organically when adjusting for the impact of our gold royalty buyout.
Strong Earnings Growth: Our adjusted net income for the quarter was $28.8 million or $0.18 per share, reflecting strong earnings growth.
Record AUM Achievement: We ended the quarter with record AUM of $112.6 billion, demonstrating our continued growth and market position.
Negative
Record AUM with Outflows: The quarter ended with record AUM of $112.6 billion, but there was a $2.4 billion of outflows observed during the third quarter.
Product Outflows Analysis: Despite favorable market conditions, the outflows were largely from our currency hedged Japan product DXJ, our floating rate treasury product USFR, and tactical commodity trading.
Quarterly Revenue Performance: Our adjusted revenues were $109.4 million during the quarter, representing only a 2.3% increase from the second quarter and approximately 20.5% versus the prior year quarter, indicating slower growth than expected.
Adjusted Net Income Decline: Our adjusted net income for the quarter was $28.8 million or $0.18 per share, which reflects a decline in profitability compared to previous quarters.
Discretionary Spending Guidance Update: Our discretionary spending was $45.4 million year-to-date, and we are narrowing our full year discretionary spending guidance to a range from $62 million to $65 million, previously $64 million to $68 million.
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WT Earning Call Sentiment
WisdomTree, Inc. (WT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WT.N
-0.64%Positive
The earnings call summary indicates strong financial performance, with record AUM, increased revenues, and a 9% earnings boost from share repurchases. Despite some outflows and market volatility, the company has a clear product strategy and is actively investing in future growth areas like tokenization. The Q&A section revealed management's cautious optimism and ongoing efforts to enhance efficiencies. Given the positive financial metrics and strategic initiatives, we anticipate a positive stock price movement in the next two weeks, particularly for this small-cap stock.
