Equity Profile

STEP

StepStone Group Inc.

FinancialsAsset Management & Custody Banks$4.3B

Aug6Thu

Pre-Earnings Brief

UpcomingQ1-2027After Close5:00 PM EDT

Company Snapshot

StepStone Group Inc. is a financial services firm that specializes in asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Revenue Growth

Revenue growth is essential to understand how well the company is expanding its business and attracting new clients.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

STEP Q1-2027 Earnings Preview

Context

Company Snapshot

StepStone Group Inc. is a financial services firm that specializes in asset management and custody banking. With a market cap of $4 billion, it plays a crucial role in managing investments for various clients, which is particularly important in today's volatile economic environment.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+13.92%

Avg Stock Reaction

-1.26%

Last Quarter Recap

In the last quarter, StepStone reported an EPS of $0.57, exceeding expectations by 11.76%. However, the stock reacted negatively, declining by 0.99% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for StepStone's upcoming earnings are uncertain due to the lack of analyst estimates and management guidance.

Bull Case

If StepStone can demonstrate strong revenue growth and maintain or increase its EPS, it could signal robust demand for its services and lead to a positive market reaction.

Bear Case

Conversely, any signs of declining AUM or disappointing EPS could raise concerns about the company's ability to navigate economic challenges, leading to a negative market response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q1-2027?

EPS is a critical measure of profitability and will heavily influence investor sentiment and stock performance.

How has AUM changed since last quarter?

Changes in AUM will indicate the company's growth trajectory and its ability to attract and retain clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating StepStone's ability to grow AUM despite economic headwinds, as its diversified client base could provide stability.

Supporting Evidence

The company's historical EPS beat rate of 75% suggests a stronger operational performance than currently anticipated.

Options pricing indicates a higher expected move than historical averages, hinting at potential surprises.

Recent trends in asset management indicate a growing demand for diversified investment strategies, which StepStone is well-positioned to offer.

Key Risk

If AUM growth exceeds expectations, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between maintaining profitability and growing AUM in a challenging economic landscape.

Bull Confirmed If

An EPS of $0.60 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.50 would raise concerns about the company's profitability and market position.

Pre-Earnings Positioning

Options Market

Implied Move

±15.51%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move of about 15.5%, suggesting that traders expect volatility around the earnings report.

Options are pricing ±15.5% while STEP has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

40.2%

Calls (27K)P/C Ratio: 3.34Puts (273K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If StepStone beats expectations, history suggests the stock could rise, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline in stock price, with history indicating an average drop of around 1.44% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or changes in AUM.
2Details on cost management strategies and their impact on EPS.
3Insights into market trends affecting asset management.
4Management's outlook on economic conditions and their potential impact on performance.
5Any commentary on competitive positioning in the asset management space.

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Company Snapshot

StepStone Group Inc. is a financial services firm that specializes in asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Revenue Growth

Revenue growth is essential to understand how well the company is expanding its business and attracting new clients.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

STEP Q1-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+13.92%

Avg Stock Reaction

-1.26%

Last Quarter Recap

In the last quarter, StepStone reported an EPS of $0.57, exceeding expectations by 11.76%. However, the stock reacted negatively, declining by 0.99% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for StepStone's upcoming earnings are uncertain due to the lack of analyst estimates and management guidance.

Bull Case

If StepStone can demonstrate strong revenue growth and maintain or increase its EPS, it could signal robust demand for its services and lead to a positive market reaction.

Bear Case

Conversely, any signs of declining AUM or disappointing EPS could raise concerns about the company's ability to navigate economic challenges, leading to a negative market response.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q1-2027?

EPS is a critical measure of profitability and will heavily influence investor sentiment and stock performance.

How has AUM changed since last quarter?

Changes in AUM will indicate the company's growth trajectory and its ability to attract and retain clients.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating StepStone's ability to grow AUM despite economic headwinds, as its diversified client base could provide stability.

Supporting Evidence

The company's historical EPS beat rate of 75% suggests a stronger operational performance than currently anticipated.

Options pricing indicates a higher expected move than historical averages, hinting at potential surprises.

Recent trends in asset management indicate a growing demand for diversified investment strategies, which StepStone is well-positioned to offer.

Key Risk

If AUM growth exceeds expectations, it could shift market sentiment significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between maintaining profitability and growing AUM in a challenging economic landscape.

Bull Confirmed If

An EPS of $0.60 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $0.50 would raise concerns about the company's profitability and market position.

Pre-Earnings Positioning

Options Market

Implied Move

±15.51%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move of about 15.5%, suggesting that traders expect volatility around the earnings report.

Options are pricing ±15.5% while STEP has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

40.2%

Calls (27K)P/C Ratio: 3.34Puts (273K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If StepStone beats expectations, history suggests the stock could rise, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline in stock price, with history indicating an average drop of around 1.44% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or changes in AUM.
2Details on cost management strategies and their impact on EPS.
3Insights into market trends affecting asset management.
4Management's outlook on economic conditions and their potential impact on performance.
5Any commentary on competitive positioning in the asset management space.