TPG Inc reports results for the quarter ended September 30 - Earnings Summary

• TPG Inc reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 59 cents to 69 cents per share.

• Revenue rose 25.3% to $638.07 million from a year ago; analysts expected $620.13 million.

• TPG Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $99.63 million.

• TPG Inc shares had risen by 1.0% this quarter and lost 30.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.7% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

• Wall Street's median 12-month price target for TPG Inc is $58.00, about 23.1% above its last closing price of $44.59

This summary was machine generated from LSEG data October 29 at 04:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)