Core Insights - WisdomTree, Inc. reported revenue of $110.7 million for the quarter ended December 2024, reflecting a year-over-year increase of 21.9% [1] - The earnings per share (EPS) for the quarter was $0.17, up from $0.11 in the same quarter last year, but below the consensus estimate of $0.18, resulting in an EPS surprise of -5.56% [1] Financial Performance - The reported revenue was slightly below the Zacks Consensus Estimate of $111.41 million, with a surprise of -0.64% [1] - The company’s assets under management (AUM) at the end of the period were $109.8 billion, which was lower than the average estimate of $111.45 billion [4] - Specific asset categories showed the following performance against analyst estimates: - International Developed Market Equity: $17.60 billion vs. $18.05 billion [4] - Emerging Market Equity: $10.47 billion vs. $11.69 billion [4] - Fixed Income: $20.04 billion vs. $20.41 billion [4] - Alternatives: $510 million vs. $490.08 million [4] - U.S. Equity: $35.41 billion vs. $35.58 billion [4] - Cryptocurrency: $1.91 billion vs. $1.48 billion [4] Inflows and Outflows - Inflows for U.S. Equity were reported at $1.10 billion, exceeding the average estimate of $799.78 million [4] - International Developed Market Equity experienced inflows of $63 million, below the average estimate of $81.44 million [4] - Global ETPs saw outflows of -$281 million, contrasting with the estimated inflows of $284.73 million [4] Revenue Breakdown - Advisory fees amounted to $102.26 million, slightly below the average estimate of $103.91 million, but represented a year-over-year increase of 17.6% [4] - Other income was reported at $8.43 million, exceeding the average estimate of $8.16 million, with a significant year-over-year increase of 118.7% [4] Stock Performance - Over the past month, shares of WisdomTree, Inc. have returned -2.9%, while the Zacks S&P 500 composite has increased by +2.9% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - WisdomTree, Inc. reported quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share, but showing an increase from $0.11 per share a year ago, resulting in an earnings surprise of -5.56% [1] - The company posted revenues of $110.7 million for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.64%, and an increase from $90.84 million year-over-year [2] - Over the last four quarters, WisdomTree has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has underperformed the market, losing about 6.5% since the beginning of the year compared to the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $108.82 million, and for the current fiscal year, it is $0.70 on revenues of $451.95 million [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Diluted earnings per share for Q4 2024 was $0.18, with adjusted earnings per share at $0.17, reflecting a 73% increase in adjusted EPS year-over-year[1][9] - Net income for Q4 2024 was $27.3 million, compared to a net loss of $4.5 million in Q3 2024[21] - Net income for 2024 was $66,693, a decrease of 34.9% compared to $102,546 in 2023[37] - Adjusted net income for Q4 2024 was $25,280 million, compared to $18,566 million in Q4 2023, reflecting a year-over-year increase of 36.2%[49] - The company reported a net income of $27,308 million for Q4 2024, a significant recovery from a loss of $4,485 million in Q3 2024[49] Revenue and Expenses - Operating revenues for Q4 2024 were $110.7 million, down 2.2% from the previous quarter due to lower other revenues related to a legal settlement[4][13] - Operating revenues decreased by 2.2% from Q3 2024, totaling $110.7 million, primarily due to lower other revenues related to the SEC ESG Settlement[21] - Operating revenues increased by 21.9% compared to Q4 2023, driven by higher average AUM and increased other revenues from European listed ETPs[21] - Total operating expenses for Q4 2024 were $75,657 million, an increase from $64,809 million in Q4 2023, marking a rise of 16.7%[50] - Operating expenses rose by 4.5% from Q3 2024, totaling $75.7 million, due to seasonally higher discretionary spending and non-recurring costs related to BNY Custody Migration[21] Assets Under Management (AUM) - Ending assets under management (AUM) were $109.8 billion, a decrease of 2.5% from the prior quarter, with net outflows of $0.3 billion primarily from emerging markets and fixed income products[2][13] - WisdomTree reported approximately $113.5 billion in assets under management globally[26] - As of December 31, 2024, WisdomTree's global ETP assets decreased to $109,779 million from $112,577 million at the end of the previous quarter, reflecting a market depreciation of $2,517 million[32] - The average assets during the period for global ETPs were $112,349 million, compared to $110,369 million in the previous quarter, indicating a growth of approximately 1.8%[32] Client Engagement and Product Development - WisdomTree's client base grew by 5%, with a 4% increase in the number of products held by each client, indicating enhanced client engagement[11][12] - WisdomTree launched several new products in January 2025, including the WisdomTree Strategic Metals UCITS ETF and made its model portfolios available on UBS Financial Services[15] - The company aims to leverage increased client engagement and strategic innovation to drive top-line growth in 2025[9] Market Trends and Risks - The company anticipates trends in global markets and ETPs, including expected inflows and outflows[52] - The company faces risks from declining prices of securities and commodities, which may reduce the market value of managed assets[52] - A significant portion of the company's revenues is derived from a limited number of products, exposing operating results to investor sentiment and market risks[52] - The company is subject to currency exchange rate risks due to a substantial portion of AUM being held in products with exposure to developed markets[52] Legal and Regulatory Matters - The company incurred $4.3 million in legal expenses related to the SEC ESG Settlement, expected to be covered by insurance[40] - The company is expanding its digital assets product offerings and services beyond its existing ETP business, increasing operational and regulatory risks[52] Dividends and Shareholder Actions - A quarterly dividend of $0.03 was declared, payable on February 26, 2025[7] - The company repurchased Series A Non-Voting Convertible Preferred Stock for $143,812 during the year[37] - Actions of activist stockholders may disrupt the strategic direction of the company and cause uncertainty[52]

Core Viewpoint - The Zacks rating system provides a reliable method for individual investors to assess stock potential based on earnings estimate revisions, particularly for WisdomTree, Inc. which has recently received a Zacks Rank 2 (Buy) due to positive earnings outlook [1][2][3] Earnings Estimate Revisions - WisdomTree, Inc. has seen a 4.3% increase in the Zacks Consensus Estimate over the past three months, indicating a positive trend in earnings expectations [12] - The upgrade to Zacks Rank 2 places WisdomTree in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [7][8] Impact on Stock Price - The upward revision in earnings estimates is expected to positively influence WisdomTree's stock price, as empirical research shows a strong correlation between earnings estimate revisions and near-term stock movements [5][15] - For the fiscal year ending December 2024, WisdomTree is projected to earn $0.65 per share, reflecting a significant change of 75.7% from the previous year's reported figure [16] Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [11] - The system maintains a balanced distribution of ratings, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating, while the next 15% receive a 'Buy' rating [13]

Core Idea - WisdomTree was established in 2006 with the mission to create a more efficient investment approach that balances cost efficiency and performance potential [1] Company Overview - WisdomTree developed the first family of ETFs aimed at delivering both cost efficiency and performance [1] - The company currently offers a leading range of products that provide access to a unique and intelligent selection of investment exposures [1]

Core Points - The article does not provide specific financial data or insights related to any company or industry, making it difficult to summarize key points related to investment opportunities or risks [1][2][3] Summary by Categories - **Company Insights**: No relevant company insights are provided in the content [1][2][3] - **Industry Analysis**: No industry analysis or trends are discussed in the content [1][2][3]

Core Viewpoint - The article highlights WisdomTree, Inc. as a strong growth stock recommendation based on its favorable growth metrics and Zacks Rank, indicating potential for outperformance in the market [2][8]. Group 1: Earnings Growth - WisdomTree, Inc. has a historical EPS growth rate of 13.5%, but projected EPS growth for this year is expected to be 74.8%, significantly higher than the industry average of 13.7% [4]. Group 2: Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets) of 0.42, indicating it generates $0.42 in sales for every dollar in assets, compared to the industry average of 0.22, showcasing greater efficiency [6]. Group 3: Sales Growth - WisdomTree, Inc. is projected to achieve a sales growth of 23% this year, while the industry average is 0%, indicating strong sales performance relative to peers [6]. Group 4: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for WisdomTree, with the Zacks Consensus Estimate for the current year increasing by 4.3% over the past month, suggesting favorable market sentiment [7]. Group 5: Overall Recommendation - With a Growth Score of B and a Zacks Rank of 2 due to positive earnings estimate revisions, WisdomTree, Inc. is positioned well for growth investors seeking potential outperformance [8].

Core Insights - WisdomTree, Inc. reported a revenue of $113.17 million for the quarter ended September 2024, marking a year-over-year increase of 25.2% and an EPS of $0.18 compared to $0.10 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $110.8 million by 2.13%, and the EPS also surpassed the consensus estimate of $0.17 by 5.88% [1] Financial Performance Metrics - The end of period assets for Emerging Market Equity were estimated at $12.45 billion, slightly below the average estimate of $112.73 billion for total assets [2] - Fixed Income end of period assets matched the average estimate at $20.77 billion [2] - Leveraged & Inverse end of period assets were reported at $2.08 billion, in line with the average estimate [2] - Alternatives end of period assets were reported at $470 million, slightly below the average estimate of $470.25 million [2] - Commodity & Currency end of period assets were reported at $23.03 billion, matching the average estimate [2] - Inflows for Alternatives were $54 million, exceeding the average estimate of $53.96 million [2] - Commodity & Currency experienced outflows of -$741 million, slightly worse than the estimated -$740.97 million [2] - Emerging Markets Equity had outflows of -$19.98 million, close to the average estimate of -$20 million [2] - Fixed Income outflows were reported at -$897 million, slightly worse than the estimated -$896.85 million [2] Revenue Breakdown - Operating Revenues from advisory fees increased by 17.4% year over year, reported at $101.66 million compared to the average estimate of $102.71 million [2] - Other income saw a significant increase of 200.9% year over year, reported at $11.51 million against an average estimate of $8.10 million [2] Stock Performance - WisdomTree, Inc. shares returned +3.6% over the past month, outperforming the Zacks S&P 500 composite's +1.4% change [2] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [2]

Core Insights - WisdomTree, Inc. reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and showing an increase from $0.10 per share a year ago, representing an earnings surprise of 5.88% [1] - The company generated revenues of $113.17 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.13% and up from $90.42 million year-over-year [1] - WisdomTree's stock has increased by approximately 49.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.8% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $113.72 million, while for the current fiscal year, the estimate is $0.63 on revenues of $428.41 million [4] - The trend of estimate revisions for WisdomTree is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Financial - Miscellaneous Services industry, to which WisdomTree belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, which may impact stock performance [5] - Chicago Atlantic Real Estate Finance, Inc., another company in the same industry, is expected to report quarterly earnings of $0.55 per share, reflecting a year-over-year decline of 3.5% [5]

Financial Performance - WisdomTree reported a record AUM of $112.6 billion, a 2.6% increase from the prior quarter, driven by market appreciation despite $2.4 billion in net outflows[2] - The company experienced a diluted loss per share of -$0.13, while adjusted earnings per share increased by 80% year-over-year to $0.18[5] - Operating revenues reached $113.2 million, reflecting a 5.7% increase from the previous quarter due to higher average AUM[2] - Operating revenues increased by 5.7% from Q2 2024 and by 25.2% from Q3 2023, reaching $113.168 million in Q3 2024, driven by higher average AUM and additional revenues[11] - Operating revenues increased by 22.8% compared to 2023, driven by higher average AUM and recognition of $4.1 million in other revenue related to legal expenses[15] - Adjusted net income for Q3 2024 was $28,768,000, compared to $27,075,000 in Q2 2024, reflecting a 6.3% increase[30] - Adjusted earnings per share (EPS) for Q3 2024 was $0.18, up from $0.16 in Q2 2024, representing a 12.5% increase[30] - The company reported a net loss of $4,485,000 for Q3 2024, a significant improvement from a net loss of $21,759,000 in Q2 2024[30] Operating Efficiency - The adjusted operating income margin improved to 37.3%, an increase of 2.0 points compared to the prior quarter, attributed to higher revenues[3] - Total operating expenses for Q3 2024 were $72,376,000, compared to $73,523,000 in Q2 2024, indicating a decrease of 1.6%[32] - Adjusted total operating expenses for Q3 2024 were $68,715,000, down from $69,252,000 in Q2 2024, a reduction of 0.8%[32] - Adjusted operating income for Q3 2024 was $40,792,000, compared to $33,511,000 in Q2 2024, reflecting a significant increase of 21.5%[30] - Adjusted operating income margin for Q3 2024 was 37.3%, up from 35.3% in Q2 2024, indicating improved operational efficiency[30] Shareholder Actions - WisdomTree repurchased $198.8 million worth of shares, including all Series A Non-Voting Convertible Preferred Stock from ETFS Capital Limited[3] - WisdomTree declared a quarterly dividend of $0.03, payable on November 20, 2024[4] - The company repurchased Series A Non-Voting Convertible Preferred Stock for $143,812,000 during the period, indicating a significant capital allocation strategy[25] Debt and Interest - The company issued $345.0 million in convertible senior notes due 2029, with a conversion price of $11.82 per share[4] - Interest expense rose by 21.4% from Q2 2024 and by 45.2% from Q3 2023, reflecting a higher level of debt[13] - Interest income increased by 24.8% from Q2 2024 and by 126.9% from Q3 2023, due to a higher level of interest-earning assets[13] - The company reported a loss on extinguishment of convertible notes amounting to $30.6 million due to the repurchase of $104.2 million in 2028 Notes[15] - The company reported a loss on extinguishment of convertible notes of $30,632,000 for the nine months ended September 30, 2024, compared to $9,721,000 in the same period of 2023, which is an increase of 215.5%[25] Taxation - The effective income tax rate for Q3 2024 was 216.0%, resulting in an income tax expense of $8.4 million[14] - The adjusted effective income tax rate for Q3 2024 was 23.9%[14] - The effective income tax rate for 2024 was 35.6%, resulting in an income tax expense of $21.8 million, influenced by non-deductible losses and penalties[16] - Adjusted income tax expense for September 30, 2024, was $9,049 million, compared to $9,008 million in June 2024, and $6,731 million in March 2024[34] - The adjusted effective income tax rate decreased to 23.9% in September 2024 from 25.0% in June 2024[34] - Income tax expense increased to $8,351 million in September 2024 from $7,767 million in June 2024[34] Product Development and Innovation - WisdomTree launched WisdomTree Connect, a platform for tokenized real-world assets, expanding access to a broader range of users[7] - New products launched include WisdomTree Core Physical Silver and WisdomTree European Natural Gas, expanding the company's product offerings[9] - The company is developing next-generation digital products, including blockchain-enabled mutual funds and a digital wallet, WisdomTree Prime[17] - The company is focused on expanding its digital assets and blockchain-enabled financial services, including WisdomTree Prime and WisdomTree Connect[36] Market and Asset Management - Total assets under management globally reached approximately $112.9 billion[17] - Average assets during the nine months ended September 30, 2024, were $110.4 billion, reflecting growth from $95.7 billion in the same period last year[20] - The number of ETPs at the end of the period increased to 352, up from 344 in the previous year[20] - The company reported a net inflow of $201 thousand in cryptocurrency assets during the period, with end-of-period assets reaching $1,054 thousand[21] - Emerging Market Equity assets grew to $12,452 thousand, up from $11,875 thousand, indicating an increase of about 4.8%[21] - Average assets during the period for International Developed Market Equity were $18,636 thousand, compared to $13,873 thousand in the previous year, showing a growth of approximately 34.0%[21] Workforce and Operational Changes - The company’s headcount increased to 314 from 304, reflecting a growth in workforce[21] - Compensation and benefits payable decreased to $30,087 thousand from $38,111 thousand, a reduction of approximately 21.5%[23] - Operating expenses decreased by 1.6% from Q2 2024 to $72.376 million, primarily due to lower incentive compensation[12] - Operating expenses rose by 9.2% compared to 2023, primarily due to increased compensation expenses and headcount, totaling $4.1 million in legal expenses related to the SEC ESG Settlement[15] Risks and Future Outlook - The company anticipates trends in global markets and ETPs, with a focus on maintaining favorable rates of return for investors[36] - The company faces risks from declining prices of securities and commodities, which could adversely affect its business[36] - A significant portion of the company's assets under management (AUM) is exposed to U.S. and international developed markets, leading to currency exchange rate risks[36] - The company is subject to operational and regulatory risks as it expands its business internationally[36] - The company has no current intention to update its forward-looking statements except as required by law[36]