WisdomTree Investments, Inc. (NASDAQ:WETF) is set to announce third quarter earning results on Friday 30th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, WETF to report 3Q20 income of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 248.84 million, while looking forward to income of $ 0.22 per share bottom line.
Previous Quarter Performance
WisdomTree Investments, Inc. unfold income for the second quarter of $ 0.05 per share, from the revenue of $ 58.13 million. The quarterly revenues down 13.11 percent compared with the same quarter last year. According to street consensus, WETF was expected to report 2Q20 income of $ 0.04 per share from revenue of $ 58.96 million. The bottom line results beat street analysts by $ 0.01 or 25.00 percent, at the same time, top line results fell short of analysts by $ 0.83 million or 1.41 percent.
Stock Performance
Shares of WisdomTree Investments, Inc. traded up $ 0.07 or 1.99 percent on Thursday, reaching $ 3.59 with volume of 490.90 thousand shares. WisdomTree Investments, Inc. has traded high as $ 3.60 and has cracked $ 3.41 on the downward trend
According to the previous trading day, closing price of $ 3.59, representing a 88.24 % increase from the 52 week low of $ 1.87 and a 35.88 % decrease over the 52 week high of $ 5.49.
The company has a market capital of $ 520.10 million and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 9th October 2020, downgraded by Morgan Stanley to Equal-Weight from Overweight rating.
Recent Stock Dividend Announcement
On July 31, 2020, the board of directors authorized quarterly dividend of $ 0.03 per share to holders of record as of the close of business on August 12, 2020, with payment date of August 26, 2020 and ex-dividend date on August 11, 2020.
Conference Call
WisdomTree Investments, Inc. will be hosting a conference call at 9:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wisdomtree.com
WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
