P10 (PX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - P10, Inc. reported a revenue of $71.08 million for the quarter ended June 2024, reflecting a year-over-year increase of 13.8% and surpassing the Zacks Consensus Estimate by 7.63% [1] - The company's EPS for the quarter was $0.24, up from $0.22 in the same quarter last year, representing a surprise of 20.00% over the consensus estimate of $0.20 [1] Financial Performance Metrics - Fee Paying Assets Under Management (FPAUM) reached $23.80 billion, exceeding the average estimate of $23.46 billion from three analysts [3] - Management and advisory fees generated revenue of $68.48 million, which is higher than the average estimate of $65.13 million and shows a year-over-year increase of 11.1% [4] - Other revenue amounted to $2.60 million, significantly surpassing the estimated $0.91 million, marking a remarkable year-over-year change of 219.1% [5] Stock Performance - Over the past month, P10 shares have returned -2.9%, compared to a -6.5% change in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [5]