StepStone Group Third Quarter 2024 Earnings: US$0.32 loss per share (vs US$0.11 loss in 3Q 2023)

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StepStone Group (NASDAQ:STEP) Third Quarter 2024 Results

Key Financial Results

  • Net loss: US$20.2m (loss widened by 192% from 3Q 2023).

  • US$0.32 loss per share (further deteriorated from US$0.11 loss in 3Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

StepStone Group Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 7.1% from a week ago.

Valuation

Following the latest earnings results, StepStone Group may be overvalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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