BrightSphere Investment Group Third Quarter 2024 Earnings: EPS: US$0.46 (vs US$0.47 in 3Q 2023)

BrightSphere Investment Group (NYSE:BSIG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$123.1m (up 15% from 3Q 2023).
• Net income: US$16.9m (down 14% from 3Q 2023).
• Profit margin: 14% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.46 (down from US$0.47 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BrightSphere Investment Group Earnings Insights

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 6.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for BrightSphere Investment Group (2 don't sit too well with us!) that you need to be mindful of.

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