WisdomTree Q3 adjusted EPS beats, helped by inflow growth
WT•WisdomTree reported third-quarter adjusted EPS of $0.32, beating the $0.30 analyst consensus, while revenue of $179.38 million slightly missed estimates. Assets under management reached a record $171 billion.
1. Quarterly results
WisdomTree reported third-quarter adjusted EPS of $0.32, above the $0.30 consensus estimate. Operating revenue was $179.38 million, slightly below the $179.54 million estimate, while assets under management reached a record $171 billion.
2. Inflows and operations
The company said net inflows were driven primarily by fixed income, commodity and U.S. equity products. Revenue growth reflected higher average assets under management, partly offset by lower transaction and performance fees; operating margin expansion was primarily due to higher revenue and operating leverage. WisdomTree repurchased $10.6 million in common stock during the quarter.
3. Areas of focus
WisdomTree said it is focused on expanding in liquid alternatives, private markets and tokenization, and sees opportunities from the democratization of investing and the convergence of public and private markets.
