What's the outlook for ALTI's future earnings?

**AlTi Global's future earnings outlook appears challenging**, considering the following points:

1. **Recent Performance**: AlTi Global has experienced a significant decline in its stock price, with shares down more than 40% since their public debut in January 2023. This decline is due to a year spent shedding assets and taking impairment charges.
2. **Financial Challenges**: The company reported a net loss of $174.3 million for the fiscal year ended December 31, 2024, an improvement from the $311.2 million loss in 2023, but still indicates financial struggles. The company's revenue decreased to $206.9 million in 2024, down from $246.9 million in 2023, with incentive fees and distributions from investments contributing less.
3. **Earnings Miss**: AlTi Global missed analysts' expectations by $0.65 EPS in the latest quarterly earnings report, reporting ($0.63) EPS for the quarter, compared to the consensus estimate of $0.02.
4. **Strategic Investments**: Despite the challenges, the company has received significant financing, with Constellation Wealth Capital investing $115 million and Allianz committing up to $450 million. These investments are set to fuel growth through acquisitions, as evidenced by the acquisition of East End Advisors for $76 million.
5. **Insider Activity**: There has been notable insider buying, which could indicate confidence in the company's future prospects. However, this does not guarantee a positive earnings outlook.
6. **Market Position**: AlTi Global operates in the wealth management and alternatives sector, which is competitive and sensitive to economic conditions. The company's extensive global presence and commitment to impact or values-aligned investing could position it well for future growth if market conditions improve.

In conclusion, while AlTi Global has taken steps to improve its financial position through strategic investments and acquisitions, the near-term earnings outlook is likely to be impacted by the company's recent financial performance and the competitive nature of the wealth management industry. The company's long-term prospects will depend on its ability to capitalize on its strategic investments and improve market conditions.