Core Viewpoint - AlTi Global, Inc. reported a quarterly loss of 0.02, marking a 1,300% earnings surprise [1]. Financial Performance - The company posted revenues of 91.71 million in the same quarter last year [2]. - Over the last four quarters, AlTi Global has surpassed consensus EPS estimates only two times [2]. - The current consensus EPS estimate for the upcoming quarter is 56 million, and for the current fiscal year, it is 255.2 million [7]. Stock Performance - AlTi Global shares have declined approximately 29.5% since the beginning of the year, compared to a 4.8% decline in the S&P 500 [3]. - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Industry Outlook - The Financial - Miscellaneous Services industry, to which AlTi Global belongs, is currently ranked in the top 15% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]. Future Considerations - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4].
AlTi Global, Inc. (ALTI) Reports Q4 Loss, Misses Revenue Estimates