Cohen & Steers Earnings: Everything You Must Know Now

Cohen & Steers Inc. (NYSE:CNS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Cohen & Steers Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 5.56% to $0.34 in the quarter versus EPS of $0.36 in the year-earlier quarter.

Revenue: Rose 20.12% to $77.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cohen & Steers Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company missed the mean analyst estimate of $0.43. It beat the average revenue estimate of $76.21 million.

Key Stats (on next page)…

Revenue increased 3.96% from $74.84 million in the previous quarter. EPS were the same at $0.34 as the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.46 to a profit $0.44. For the current year, the average estimate has moved down from a profit of $1.80 to a profit of $1.67 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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