StepStone Group (STEP) to Release Quarterly Earnings on Thursday

StepStone Group (NASDAQ:STEP) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

StepStone Group (NASDAQ:STEP) last issued its earnings results on Thursday, August 8th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. The firm had revenue of $186.40 million during the quarter, compared to analyst estimates of $181.15 million. During the same period in the previous year, the company earned $0.26 EPS. StepStone Group’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect StepStone Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

StepStone Group Stock Up 0.9 %

Shares of STEP opened at $59.78 on Wednesday. The stock has a market cap of $6.61 billion, a PE ratio of 78.66 and a beta of 1.27. The business has a 50-day simple moving average of $57.35 and a two-hundred day simple moving average of $48.82. StepStone Group has a 12-month low of $25.06 and a 12-month high of $62.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI increased their price target on StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley increased their price target on StepStone Group from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group increased their price target on StepStone Group from $51.50 to $57.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. UBS Group increased their price target on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their target price on StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.71.

About StepStone Group

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.