LAZARD Ltd. (NASDAQ:LAZ) will unveil its latest earnings on Thursday, July 28, 2011. Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. The companys Financial Advisory segment offers a range of services regarding mergers and acquisitions and strategic advisory matters etc. Goldman Sachs Group Inc. Earnings Cheat Sheet: Misses Estimates>>
LAZARD Ltd. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 49 cents per share, a rise of 8.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 55 cents. Between one and three months ago, the average estimate moved down and dropped from 52 cents during the last month. For the year, analysts are projecting net income of $2.42 per share, a rise of 17.5% from last year.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 43 cents per share versus a mean estimate of net income of 43 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 13 cents.
Wall St. Revenue Expectations: On average, analysts predict $470.1 million in revenue this quarter, a rise of 12.2% from the year ago quarter. Analysts are forecasting total revenue of $2.04 billion for the year, a rise of 6.8% from last year’s revenue of $1.91 billion.
Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and two rating it as a hold.
A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0.5% in the first quarter and rose 18.6%in the fourth quarter of the last fiscal year, 8.9% in the third quarter of the last fiscal year and 10% in the second quarter of the last fiscal year.
Competitors to Watch: Lazard Ltd (NYSE:LBJ), Evercore Partners Inc. (NYSE:EVR), Greenhill & Co., Inc. (NYSE:GHL), Goldman Sachs Group, Inc. (NYSE:GS), Deutsche Bank AG (NYSE:DB), Rodman & Renshaw Capital Group Inc. (NASDAQ:RODM), KBW, Inc. (NYSE:KBW), Cowen Group, Inc. (NASDAQ:COWN), Jefferies Group, Inc. (NYSE:JEF), and UBS AG (NYSE:UBS).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen $4.27 (-10.4%) from $40.87 to $36.60. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 23, 2011 when shares rose for six-straight days, rising 7.4% (+$2.93) over that span. It saw one of its worst periods between June 21, 2011 and June 28, 2011 when shares fell for six-straight days, falling 6.6% (-$2.50) over that span. Shares are down $2.63 (-6.7%) year to date.
(Source: Xignite Financials)