NASDAQ$WT

WisdomTree Investments Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a diluted loss per share of ($0.09) and earnings per share of $0.05, as adjusted.

WisdomTree Investments Inc. reported a net loss of $13.3 million, or a net income of $8.51 million as adjusted. The company experienced a recovery of AUM driven by market appreciation, resulting in a 14.6% increase. Operating revenues decreased by 9.0% primarily due to lower average AUM and a lower average global advisory fee.

  • Assets under management rebounded, resulting in revenue tailwinds.
  • The global WisdomTree team has remained focused and demonstrated strong execution.
  • Significant cost efficiencies were realized, some of which should prove sustainable.
  • Debt was successfully refinanced, 6.7 million shares were repurchased, and financial flexibility was improved.

Headline financials

Total Revenue

$58.1M

Previous: $66.3M-12.3%
EPS (adj)

$0.05

Previous: $0.05+0.0%
Ending AUM

$57.6B

Previous: $60.4B-4.6%
Net Outflows

$100M

Previous: $300M-66.7%
Operating Income Margin

20.3%

Previous: 18.0%+12.8%
Gross Margin

75.1%

No prior period
Capital Expenditures

-$224K

Previous: -$15K-1393.3%
Free Cash Flow

-$13.5M

Previous: $2.46M-646.8%
Net Income

-$13.3M

Previous: $2.48M-634.5%
Operating Income

$11.8M

Previous: $11.9M-1.0%
Gross Profit

$58.1M

Previous: $50.7M+14.6%
Cash & Equivalents

$50.3M

Previous: $79.6M-36.9%
Total Assets

$849M

Previous: $955M-11.1%
Stock-Based Comp

$2.92M

Previous: $3.14M-6.9%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$58.1M

Q2 2020-12.3%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

WisdomTree Investments Inc · $70.6M total across 1 segment · Q3 2022

  • Advisory Fees
    $70.6M-7.6%

Forward guidance

The company did not provide specific forward guidance, but the CEO mentioned momentum in important lead indicators and being well-positioned for growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.9%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.9%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+9.0%

Q3 2018

Best reaction

-12.3%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%+12.1%+11.5%
Q4 2025-2.1%-1.9%+3.4%
Q3 2025-0.8%-2.2%-10.4%
Q1 2025+4.6%+6.3%+8.1%
Q4 2024-0.3%-1.0%-7.1%
Q3 2024+0.9%-0.7%+15.6%
Q2 2024+6.4%+9.3%-6.3%
Q1 2024-1.4%+2.1%+12.8%
Q4 2023+0.7%+1.9%+18.9%
Q3 2023-5.5%-4.6%+0.5%
Q2 2023-3.3%-5.3%+0.3%
Q1 2023+1.3%+2.1%+11.0%
Q4 2022-1.4%-0.5%+0.8%
Q3 2022+0.9%-1.1%-2.4%
Q2 2022-1.7%+3.2%-4.9%
Q1 2022-4.4%-3.8%-0.7%
Q4 2021-1.8%-1.6%+1.1%
Q3 2021+4.1%+9.3%+1.5%
Q2 2021-0.6%+3.2%+2.1%
Q1 2021+1.0%+4.2%-0.3%
Q4 2020-2.6%+0.5%-3.3%
Q3 2020+1.4%+5.0%+21.7%
Q2 2020+1.4%+5.4%+9.0%
Q1 2020-5.9%-10.2%-7.7%
Q4 2019+1.2%+7.2%-2.4%
Q3 2019+8.2%+6.4%+0.8%
Q2 2019+0.2%-1.7%-21.2%
Q1 2019-2.6%-8.3%-19.8%
Q4 2018-10.1%-7.8%+19.3%
Q3 2018+9.0%+12.4%+7.2%
Q2 2018+1.3%-12.9%-13.1%
Q1 2018+5.4%+10.5%+14.0%
Q4 2017-7.4%-11.0%-16.5%
Q3 2017+2.5%+1.2%-1.1%
Q2 2017-2.7%-2.3%-11.7%
Q1 2017-0.2%-1.0%+13.0%
Q4 2016-12.3%-14.7%-9.7%
Q3 2016-7.5%-14.8%+12.8%
Q2 2016-10.7%-12.5%-11.0%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q1 2012
Q4 2011
Q4 2009
Q2 2011
Q3 2010
Q4 2010
Q2 2010
Q3 2011

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