Friday, November 4, 2022 - Blue Owl Capital Inc. Class A (OWL) reported upside earnings and revenues today.
The consensus among analysts for Blue Owl Capital Inc. Class A was for an earnings per share (EPS) of $0.13. The firm was able to surpass those projections, reporting an EPS of $0.14, a positive surprise of $0.01 (8%). Profits rose 27% year-over-year after reporting an EPS of $0.11 in its year-ago quarter. The positive growth rate signals that the Financial Services company is performing well amid recent economic conditions.
Revenues were upbeat at $371 million. That is an increase of 49.67% in revenues from the year-ago report and is 8.72% higher than consensus estimates set at $341.2 million.
The stock is up 7.42% to $10.21 after the report.
Blue Owl Capital Inc. Class A's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 31. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Blue Owl Capital Inc is an alternative asset management firm. It provides investors access to asset management capital solutions through its Direct Lending and GP Capital Solutions business segments. Its investor base includes a diversified mix of institutional investors, including public and private pension funds, endowments, foundations, family offices, private banks, high net worth individuals, asset managers and insurance companies.