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.
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 $1.65, which is worse than the estimate ninety days ago.
Here’s how Lazard has been performing on an annual basis:
|Revenue ($) 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|
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)