Core Insights - AlTi Global, Inc. reported quarterly earnings of $0.38 per share, significantly exceeding the Zacks Consensus Estimate of $0.01 per share, but down from $1.18 per share a year ago, resulting in an earnings surprise of 3,700% [1] - The company posted revenues of $53.34 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.06%, compared to $49.24 million in the same quarter last year [2] - AlTi Global's shares have declined approximately 45.3% year-to-date, contrasting with the S&P 500's gain of 25.2% [3] Earnings Outlook - The future performance of AlTi Global's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $70.6 million, and for the current fiscal year, it is $0.05 on revenues of $228.8 million [7] Industry Context - The Financial - Miscellaneous Services industry, to which AlTi Global belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]
AlTi Global, Inc. (ALTI) Tops Q3 Earnings Estimates