NASDAQ$WT
WisdomTree Investments Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
WisdomTree Investments Inc. reported mixed results for Q4 2019 with diluted EPS of $0.02 ($0.06 as adjusted) and net income of $4.3 million ($10.11 million as adjusted).
WisdomTree Investments reported a net income of $4.3 million and diluted EPS of $0.02 for Q4 2019. The company's ending AUM increased by 6.1% to $63.6 billion, driven by market appreciation and net inflows. Operating revenues increased by 1.8% to $68.9 million, primarily due to higher average AUM of U.S. listed products.
- Ending AUM increased by 6.1% to $63.6 billion due to market appreciation and net inflows.
- Net inflows were $368 million ($560 million excluding HEDJ/DXJ), driven by U.S. equity, fixed income, and emerging markets products.
- Operating revenues increased by 1.8% to $68.9 million due to higher average AUM of U.S. listed products.
- The company is pursuing an exit from its $58 million investment in AdvisorEngine Inc. and estimates a non-cash impairment charge of $22.0 million to $30.0 million.
Headline financials
Revenue & EPS history
WisdomTree Investments Inc · Revenue · Quarterly
$68.9M
Revenue by segment
WisdomTree Investments Inc · $70.6M total across 1 segment · Q3 2022
- Advisory Fees$70.6M-7.6%100.0%
Forward guidance
WisdomTree is focused on capitalizing on tailwinds, driving operating efficiencies, and investing in industry innovation in 2020.
Tailwinds
- Funds' performance track records remain excellent.
- Adoption of model portfolios by advisors is accelerating.
- Strategic investment in Securrency, Inc. for blockchain integration.
- Collaboration with Professor Jeremy Siegel to design and launch two model portfolios.
- Positive net flows in four of the past five quarters.
Headwinds
- Pursuing an exit from AdvisorEngine Inc. investment, expecting a non-cash impairment charge.
- Operating expenses increased due to costs associated with the Bitcoin ETP launch and Brexit preparations.
- Non-cash loss on revaluation of deferred consideration.
- Effective income tax rate differs from the federal statutory rate.
- Operating revenues decreased 2.1% as compared to 2018 due to a 3 basis point decline in our average global advisory fee and lower average AUM of our U.S. listed products due to AUM mix shift
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 Q4 2019
-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
| Quarter | Report date | Reaction (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% | |
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