Lazard Ltd Second Quarter Earnings Sneak Peek

Lazard Ltd (NYSE:LAZ) will unveil its latest earnings on Thursday, July 26, 2012. Lazard, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. The company’s Financial Advisory segment offers a range of services regarding mergers and acquisitions and strategic advisory matters.

Lazard Ltd Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 25 cents per share, a decline of 51% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 35 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 29 cents during the last month. Analysts are projecting profit to rise by 7.9% compared to last year’s $1.28.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of 33 cents per share against a mean estimate of profit of 24 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 36 cents.

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A Look Back: In the first quarter, profit fell 53.5% to $25.6 million (20 cents a share) from $55 million (43 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.8% to $506.5 million from $461.3 million.

Stock Price Performance: Between May 23, 2012 and July 20, 2012, the stock price had risen $1.53 (6.6%), from $23.19 to $24.72. It saw one of its worst periods between April 12, 2012 and April 24, 2012 when shares fell for nine straight days, dropping 7.3% (-$2) over that span. The stock price saw one of its best stretches over the last year between February 14, 2012 and February 23, 2012, when shares rose for seven straight days, increasing 11.2% (+$3.06) over that span.

Wall St. Revenue Expectations: Analysts are projecting a decline of 5.2% in revenue from the year-earlier quarter to $452.4 million.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 23.5% in the fourth quarter of the last fiscal year after increasing in the first quarter.

Analyst Ratings: With five analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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