WisdomTree Reports Q1 Earnings, Revenue Misses Estimates
WisdomTree Reports Q1 Earnings, Revenue Misses Estimates

WisdomTree Reports Q1 Earnings, Revenue Misses Estimates

News summary

WisdomTree, Inc. reported first quarter earnings that either met or slightly beat analyst expectations, with adjusted EPS of $0.16 and revenue of $108.08 million, just below consensus estimates. The company achieved record assets under management of $115.8 billion, buoyed by over $3 billion in net inflows and strong organic growth. Despite the revenue miss, WisdomTree's launch of new products, such as the Europe Defence UCITS ETF, and notable growth in its model portfolios contributed to positive momentum. However, the stock has underperformed, declining about 16.9% year-to-date, though analysts maintain an 'Outperform' consensus and see potential upside based on current price targets. The company's financial health remains solid, and its strategic initiatives are delivering results across key segments. Future stock performance will depend on management's execution and evolving earnings outlook.

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