P10 Forecasts 5.2% Q4 Revenue Drop to $80.6M, EPS at $0.24
P10 missed revenue estimates by 4.5% last quarter with $75.93 million in sales, a 2.3% year-on-year increase, marking three revenue shortfalls over the past two years. Analysts forecast Q4 revenue to decline 5.2% year-on-year to $80.63 million and adjusted EPS of $0.24.
1. Earnings Preview
P10 will report its fourth-quarter and full-year 2025 earnings on Thursday before the market opens, with analysts and investors focused on whether the firm can reverse recent revenue misses.
2. Last Quarter Performance
In Q3, P10 recorded $75.93 million in revenue, up 2.3% year-on-year but below analysts’ consensus by 4.5%, marking the third revenue estimate miss in two years.
3. Q4 Forecasts
Analysts are forecasting Q4 revenue of $80.63 million, a 5.2% decline from the prior year, and adjusted earnings per share of $0.24, with estimates largely unchanged over the past month.
4. Peer Comparison and Valuation
Among custody bank peers, Franklin Resources posted 38.3% revenue growth and WisdomTree 33.4%, while P10 shares have risen 2.4% over the past month and trade against an average analyst price target of $16.63 compared to the current $10.54 level.