P10 Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

P10 (NYSE:PX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$74.2m (up 26% from 3Q 2023).
• Net income: US$1.41m (up from US$8.42m loss in 3Q 2023).
• Profit margin: 1.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.013 (up from US$0.072 loss in 3Q 2023).

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

P10 Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 75%.

Looking ahead, revenue is forecast to grow 5.3% 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 7.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for P10 you should be aware of, and 1 of them is potentially serious.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.