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Victory Capital Holdings: Q1 Earnings Insights

Shares of Victory Capital Holdings (NASDAQ:VCTR) remained unaffected at $14.88 after the company reported Q1 results. Quarterly Results Earnings per share increased 162.86% year over year to $0.92, which beat the estimate of $0.89.

Benzinga · 05/11/2020 12:48

Shares of Victory Capital Holdings (NASDAQ:VCTR) remained unaffected at $14.88 after the company reported Q1 results.

Quarterly Results

Earnings per share increased 162.86% year over year to $0.92, which beat the estimate of $0.89.

Revenue of $204,421,000 rose by 133.68% from the same period last year, which missed the estimate of $206,280,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Victory Capital Holdings hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 11, 2020

Time: 08:00 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.vcm.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2244186&sessionid=1&key=0F368BAFCF0CC1DF5D5DBE42C055AF74&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $24.83

Company's 52-week low was at $10.18

Price action over last quarter: down 33.27%

Company Overview

Victory Capital Holdings Inc is an independent investment management firm. The company operates its business through franchises and solutions platform. It provides centralized distribution, marketing, and operations infrastructure to the company's franchises and solutions platform. The company operates through one business segment that is Investment Management Services and Products to Institutional and Intermediary Clients. The franchises and solutions platform manages a variety of investment strategies for its customers. Victory Capital franchises consist of expedition, integrity, munder capital, newbridge, sophus capital, sycamore capital, trivalent, and incore.