StepStone Group Inc. (STEP) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - StepStone Group Inc. (STEP) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended March 2024, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on May 23, 2024, with a consensus estimate of quarterly earnings at $0.28 per share, reflecting a year-over-year increase of +16.7% [3]. - Revenues are projected to reach $189.93 million, which is a 10.2% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 4.95% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for StepStone Group is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +3.57% [10]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [8]. - StepStone Group currently holds a Zacks Rank of 1, suggesting a high likelihood of exceeding the consensus EPS estimate [10][11]. Historical Performance - In the last reported quarter, StepStone Group had an expected EPS of $0.25 but delivered $0.37, resulting in a surprise of +48% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Industry Comparison - XP Inc.A, another player in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings of $0.44 per share for the same quarter, indicating a year-over-year change of +51.7% [17]. - However, XP Inc.A has a Zacks Rank of 4 (Sell) and an Earnings ESP of 0.00%, making it challenging to predict an earnings beat [18].