Cohen & Steers Earnings: Everything You Must Know Now

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

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Cohen & Steers Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.32% to $0.44 in the quarter versus EPS of $0.41 in the year-earlier quarter.

Revenue: Rose 9.63% to $72.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cohen & Steers Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0.41. It missed the average revenue estimate of $73.65 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 0.89% from $71.86 million in the previous quarter. EPS decreased 10.2% from $0.49 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.42 to a profit $0.46. For the current year, the average estimate has moved up from a profit of $1.78 to a profit of $1.81 over the last ninety days.

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