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/Mis Actual Consensu

s s

Estimate

Q3 Miss $75.90 $77.65

Revenue mln mln (2

Analysts

)

Q3 EPS $0.02

Q3 Beat $28.60 $13.20

Adjusted mln mln (2

Net Analysts

Income )

Q3 Net $3 mln

Income

Q3 $0.04

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 $13.00, 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:

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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.)