Overview

* WisdomTree ( WT ) Q3 operating revenue beats analyst expectations, driven by higher average AUM

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company reports record AUM of $137.2 bln, driven by net inflows and market appreciation

Outlook

* Company did not provide specific financial guidance for future quarters or full year

Result Drivers

* RECORD AUM - Co reports record AUM of $137.2 bln, an 8.8% increase from prior qtr driven by market appreciation and net inflows

* NET INFLOWS - $2.2 bln net inflows primarily from commodity, cryptocurrency, and international developed equity products

* HIGHER REVENUES - 11.5% increase in operating revenues due to higher average AUM and increased revenues from European ETPs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $125.60 $120.90

Operatin mln mln (5

g Analysts

Revenue )

Q3 Beat $0.23 $0.20 (6

Adjusted Analysts

EPS )

Q3 EPS $0.13

Q3 82.20%

Adjusted

Gross

Margin

Q3 38.30%

Adjusted

Operatin

g Income

Margin

Q3 36.30%

Operatin

g Income

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 WisdomTree Inc ( WT ) is $15.50, about 25.3% above its October 30 closing price of $11.58

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(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.)