Lazard Earnings: Your Sneak Peek to the Big Announcement

Lazard (NYSE:LAZ) will report earnings before markets open on Thursday, July 25th. Lazard Ltd provides domestic and international financial advisory services and global transaction execution to corporations, partnerships, institutions, governments, and individuals. The Company’s services include mergers and acquisitions, capital markets execution, asset management, and real estate investment banking.

Here is your Cheat Sheet to Lazard Earnings:

Earnings Expectations: Analysts expect earnings of $0.33 per share on revenues of $449.91 million. Currently, the company’s P/E ratio stands at 58.36.

Analyst Trends:

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 $0.48 to a profit $0.42. For the current year, the average estimate is a profit of $1.65, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Lazard has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,557 1,531 1,905 1,830 1,912
Diluted EPS ($) 0.06 -1.68 1.36 1.36 0.65

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 457.23 449.46 573.65 422.06
Diluted EPS ($) 0.24 0.26 -0.05 0.12

Past Performance:
Lazard has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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