StepStone Group Inc. (STEP) Meets Q3 Earnings Estimates

Group 1: Earnings Performance - StepStone Group Inc. reported quarterly earnings of $0.44 per share, matching the Zacks Consensus Estimate, and an increase from$0.37 per share a year ago [1] - The company posted revenues of $243.91 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 3.25$14.61 million in the same quarter last year [2] - Over the last four quarters, StepStone Group has surpassed consensus EPS estimates three times [1][2] Group 2: Stock Performance and Outlook - StepStone Group shares have increased approximately 12% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.45 on revenues of$233.1 million, and for the current fiscal year, it is $1.82 on revenues of$898.43 million [7] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which StepStone Group belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact StepStone Group's stock performance [5]