Equity Profile

STEP

StepStone Group Inc.

FinancialsAsset Management & Custody Banks$4.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ1-2027After Close5:00 PM EDT

Company Snapshot

StepStone Group Inc. is a financial services firm specializing 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 financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, essential for its long-term success.

N/A

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 specializing in asset management and custody banking. With a market cap of $4 billion, it plays a significant role in managing investments for various clients, which is crucial in today's fluctuating financial landscape.

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 Q4-2026, StepStone reported an EPS of $0.57, beating estimates by 11.76%. However, the stock saw a slight decline of 0.99% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about StepStone's upcoming earnings, given its recent history of beating EPS estimates. However, the lack of revenue guidance adds uncertainty.

Bull Case

If StepStone continues its trend of beating EPS estimates, it could signal strong operational performance and attract more investor interest.

Bear Case

Conversely, if the company fails to meet expectations or provide clear guidance, it may lead to further declines in stock price, reflecting investor disappointment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q1-2027?

EPS is a critical measure of profitability, and a strong number could boost investor confidence.

Will there be any guidance on revenue growth?

Clear revenue guidance is essential for understanding the company's future prospects and could significantly impact stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate StepStone's ability to maintain its EPS growth trajectory despite the lack of revenue guidance.

Supporting Evidence

The company has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

Options pricing suggests a significant move, reflecting market uncertainty that could be overblown.

The historical performance shows a tendency for the stock to react negatively even after positive EPS surprises.

Key Risk

If the EPS comes in above $0.60, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued earnings growth against the backdrop of uncertain revenue guidance.

Bull Confirmed If

An EPS of $0.60 or higher would confirm the bull case, indicating strong earnings performance.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±15.51%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, 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 EPS expectations, history suggests a potential stock increase of around 1.2% on the day.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted reactions, reflecting investor caution.

Miss

A miss on EPS could lead to a decline of approximately 1.44%, as seen in past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition and retention strategies.
2Details on cost management and operational efficiencies.
3Insights into market conditions affecting asset management.
4Comments on competitive positioning within the industry.
5Future outlook and any potential changes in investment strategy.

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Company Snapshot

StepStone Group Inc. is a financial services firm specializing 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 financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain clients, essential for its long-term success.

N/A

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 Q4-2026, StepStone reported an EPS of $0.57, beating estimates by 11.76%. However, the stock saw a slight decline of 0.99% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about StepStone's upcoming earnings, given its recent history of beating EPS estimates. However, the lack of revenue guidance adds uncertainty.

Bull Case

If StepStone continues its trend of beating EPS estimates, it could signal strong operational performance and attract more investor interest.

Bear Case

Conversely, if the company fails to meet expectations or provide clear guidance, it may lead to further declines in stock price, reflecting investor disappointment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q1-2027?

EPS is a critical measure of profitability, and a strong number could boost investor confidence.

Will there be any guidance on revenue growth?

Clear revenue guidance is essential for understanding the company's future prospects and could significantly impact stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate StepStone's ability to maintain its EPS growth trajectory despite the lack of revenue guidance.

Supporting Evidence

The company has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.

Options pricing suggests a significant move, reflecting market uncertainty that could be overblown.

The historical performance shows a tendency for the stock to react negatively even after positive EPS surprises.

Key Risk

If the EPS comes in above $0.60, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued earnings growth against the backdrop of uncertain revenue guidance.

Bull Confirmed If

An EPS of $0.60 or higher would confirm the bull case, indicating strong earnings performance.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±15.51%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, 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 EPS expectations, history suggests a potential stock increase of around 1.2% on the day.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted reactions, reflecting investor caution.

Miss

A miss on EPS could lead to a decline of approximately 1.44%, as seen in past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition and retention strategies.
2Details on cost management and operational efficiencies.
3Insights into market conditions affecting asset management.
4Comments on competitive positioning within the industry.
5Future outlook and any potential changes in investment strategy.