Overview

* P10 Q2 revenue rises 2% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reflecting solid operational performance

* Co's fee-paying AUM grows 21% yr/yr to $28.9 bln

Outlook

* Company focuses on middle and lower-middle market for long-term growth

* P10 sees structural advantages driving demand for its solutions

Result Drivers

* ORGANIC FUNDRAISING - P10 raised and deployed $1.9 bln in organic gross fee-paying assets, contributing to AUM growth

* QUALITAS ACQUISITION - Acquisition of Qualitas Funds added $1 bln in fee-paying AUM, boosting overall AUM

* MARKET FOCUS - Strategic focus on middle and lower-middle market seen as a driver for long-term demand, per CEO Luke Sarsfield

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $72.70 $71.20

Revenue mln mln (2

Analysts

)

Q2 Beat $0.23 $0.2 (4

Adjusted Analysts

EPS )

Q2 EPS $0.03

Q2 Beat $26.70 $11 mln

Adjusted mln (2

Net Analysts

Income )

Q2 Net $4.20

Income mln

Q2 $0.0375

Dividend

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 ( PX ) is $13.50, about 10.1% above its August 6 closing price of $12.13

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(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.)