The investment company posted earnings of 12 cents a share for the fourth quarter, matching the Capital IQ Consensus Estimate. Revenue for the quarter grew 83.1% to $43.2 million, compared to analyst estimates of $42.75 million.
The revenue increase is "primarily due to higher average AUM as a result of positive net inflows into our ETFs and market appreciation," according to the ETF issuer's press release.
In a separate announcement earlier in the day WisdomTree announced it will spend $20 million to fund a four-year European expansion. The expansion will form WisdomTree Europe that will house WisdomTree and Boost products.
TheStreet Ratings team rates WISDOMTREE INVESTMENTS INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WISDOMTREE INVESTMENTS INC (WETF) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."