Victory Capital Holdings (VCTR) Q3 Earnings Meet Estimates

Core Viewpoint - Victory Capital Holdings reported quarterly earnings of $1.35 per share, matching the Zacks Consensus Estimate and showing an increase from $1.18 per share a year ago [1] - The company posted revenues of $225.63 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.05% and up from $209.69 million year-over-year [2] Financial Performance - The earnings surprise for the previous quarter was 1.55%, with actual earnings of $1.31 per share against an expected $1.29 [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [1] - The company has topped consensus revenue estimates only once in the last four quarters [2] Stock Performance - Victory Capital shares have increased approximately 88.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.36, with expected revenues of $227.78 million, and for the current fiscal year, the estimate is $5.25 on revenues of $886.47 million [7] - The estimate revisions trend for Victory Capital is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - Investment Management industry, to which Victory Capital belongs, is currently in the top 10% of over 250 Zacks industries, suggesting a favorable outlook [8]