Victory Capital (NASDAQ:VCTR) shares rose more than 9% since the company’s reported Q4 results last week, with EPS coming in at $1.05, better than the Street estimate of $1.04. Revenue was $201.52 million, compared to the Street estimate of $200.16 million.
Positively, management is maintaining their long-term EBITDA margin guidance of 49%, while continuing to re-invest in the business (including technology, distribution, marketing and expanding product set).
Looking out this year, management believes some of the key organic growth opportunities for the company include: WestEnd, the VictoryShares ETF complex, fixed income, and Sycamore, RS Global, Sophus, and Trivalent franchises. VCTR’s first alternatives platform, New Energy Capital, could be another potential area of growth.