WisdomTree, Inc. (WT) Q3 Earnings and Revenues Beat Estimates

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]