LAZARD Ltd. Third Quarter Earnings Sneak Peek

LAZARD Ltd. (NYSE:LAZ) will unveil its latest earnings on Thursday, October 27, 2011. 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 estimate of analysts is for profit of 41 cents per share, a decline 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 63 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 53 cents during the last month. For the year, analysts are projecting net income of $1.93 per share, a decline of 6.3% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 51 cents per share versus a mean estimate of 49 cents. Two quarters ago, it reported net income of 43 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1.8% in revenue from the year-earlier quarter to $445 million.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 39.1% to $62 million (48 cents a share) from $44.6 million (39 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13% to $500.6 million from $443.2 million.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 0.5%.

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 July 28, 2011 to October 21, 2011, the stock price had fallen $8.99 (-26.2%) from $34.35 to $25.36. 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 7.5% (+$2.92) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 13.6% (-$4.94) over that span. Shares are down $13.67 (-35%) year to date.

(Source: Xignite Financials)

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