Silvercrest (SAMG) Q2 Earnings Miss Estimates

Company Performance - Silvercrest reported quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.40 per share, representing an earnings surprise of -25% [1] - The company posted revenues of $30.99 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.04%, compared to year-ago revenues of $29.73 million [2] - Over the last four quarters, Silvercrest has not surpassed consensus EPS estimates [2] Stock Movement and Outlook - Silvercrest shares have increased by approximately 4.3% since the beginning of the year, while the S&P 500 has gained 15.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the coming quarter is $0.41 on revenues of $31.63 million, and $1.54 on revenues of $124.51 million for the current fiscal year [7] Industry Context - The Financial - Investment Management industry, to which Silvercrest belongs, is currently in the bottom 34% of over 250 Zacks industries, indicating potential challenges [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Silvercrest's stock performance [5][6]