StepStone Group (STEP)
NASDAQFinancialsAsset ManagementSnapshot 2026-11-05
$42.81-7.74%
Close 2026-11-05 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-11-05
QuarterlyIQ Insights · STEP
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 9.2% |
| Our one-year growth estimate | diamond | -6.3% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 15.5 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 26 industry peers · Company calendar date is not available
STEP — earnings miss
Dated 2026-08-06
of the report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Why it matters: Adjusted net income per share fell from $0.65 to $0.48. Another drop would add to concern about earnings delivery.
Worry ifThe next report shows ANI per share below $0.48.
Less concerning ifThe next report shows ANI per share above $0.48.
Why it matters: Fee-earning AUM rose 21% year over year to $153.6 billion. More fee-earning capital can support steady fee revenue.
Supportive ifThe next report shows fee-earning AUM above $153.6 billion and higher than the same quarter last year.
Worry ifThe next report shows fee-earning AUM at or below $153.6 billion, or down year over year.
Why it matters: The margin was 39% in the latest quarter, versus 40% in the prior quarter. A further fall could weaken fee earnings even as assets grow.
Worry ifThe next report shows the fee-related earnings margin below 39%.
Less concerning ifThe next report shows the margin at 39% or higher.
Why it matters: StepStone paid a $0.55 extra dividend for fiscal 2026. A repeat would show that it again chose an extra cash payout.
Supportive ifA company release says it will pay a supplemental dividend for fiscal 2027.
Worry ifThe fiscal 2027 results report says there is no supplemental dividend.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$218 on $10,000 · ±2.2% | How much price usually moves either way. |
| Bad day | $495 loss on $10,000 · 4.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,782 loss on $10,000 · 47.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The August report lists $0.48 in ANI per share, while the event feed flags an earnings miss. The next report can show if pressure continues.
Watch forThe November 5 report shows ANI per share above $0.48 and fee earnings above $105.6 million.
Also watch forThe November 5 report shows ANI per share below $0.48 or fee earnings below $105.6 million.