P10 Q3 revenue up 2% on fee-paying AUM increase

Reuters11-06

P10 Q3 revenue up 2% on fee-paying AUM increase

Overview

P10 Q3 revenue rose 2% yr/yr but missed analyst expectations
Adjusted net income for Q3 beats analyst estimates
Company repurchased 110,032 shares at $11.34 each

Outlook

P10 expects to close the year with $5 bln in fundraising, higher than previously forecast

Result Drivers

FEE-PAYING AUM GROWTH - Fee-paying AUM increased by 17% yr/yr, contributing to revenue growth
ADJUSTED NET INCOME BEAT - Adjusted net income of $28.6 mln exceeded analyst estimates of $13.2 mln

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Miss	$75.90 mln	$77.65 mln (2 Analysts)
Q3 EPS		$0.02
Q3 Adjusted Net Income	Beat	$28.60 mln	$13.20 mln (2 Analysts)
Q3 Net Income		$3 mln
Q3 Dividend		$0.04

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for P10 Inc is $13.00, about 18.6% above its November 5 closing price of $10.58
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX8BWQ5T

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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fund operators peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for P10 Inc is $13.00, about 18.6% above its November 5 closing price of $10.58</p></li><li><p>The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago</p></li></ul><p>Press Release: <span>ID:nGNX8BWQ5T</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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