Lazard Third Quarter Earnings Sneak Peek

Lazard Ltd (NYSE:LAZ) will unveil its latest earnings on Thursday, October 25, 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 net income of 21 cents per share, a decline of 57.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 27 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 22 cents during the last month. For the year, analysts are projecting profit of $1.14 per share, a decline of 18% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 9 cents in the first quarter, the company fell in line with expectations by reporting net income of 25 cents per share last quarter.

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A Look Back: In the second quarter, profit fell 50.3% to $30.8 million (24 cents a share) from $62 million (48 cents a share) the year earlier, meeting analyst expectations. Revenue fell 8.7% to $457.2 million from $500.6 million.

Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price rose $3 (11.7%), from $25.64 to $28.64. The stock price saw one of its best stretches over the last year between September 26, 2012 and October 5, 2012, when shares rose for eight straight days, increasing 6.2% (+$1.78) over that span. 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.

Wall St. Revenue Expectations: On average, analysts predict $428.4 million in revenue this quarter, a decline of 7.4% from the year-ago quarter. Analysts are forecasting total revenue of $1.83 billion for the year, no change from last year’s revenue of $1.83 billion.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 9.8% in the the first quarter after dropping in the second quarter.

Analyst Ratings: With four analysts rating the stock as a buy, one rating it as a sell and three rating it as a hold, there are indications of a bullish outlook.

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

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