Group 1: Earnings Performance - AlTi Global, Inc. reported quarterly earnings of 0.02 per share, representing an earnings surprise of 350% [1] - The company posted revenues of 50.81 million [2] - Over the last four quarters, AlTi Global has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - AlTi Global shares have declined approximately 22% since the beginning of the year, while the S&P 500 has decreased by 3.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is breakeven on 0.08 on $253.3 million in revenues for the current fiscal year [7] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which AlTi Global belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact AlTi Global's stock performance [5][6]
AlTi Global, Inc. (ALTI) Tops Q1 Earnings and Revenue Estimates