WisdomTree First Quarter 2024 Earnings: Beats Expectations

WisdomTree (NYSE:WT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$96.8m (up 18% from 1Q 2023).
• Net income: US$22.1m (up 52% from 1Q 2023).
• Profit margin: 23% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.15 (up from US$0.10 in 1Q 2023).

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

WisdomTree Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on WisdomTree's balance sheet.

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