Och-Ziff Capital Management Group Earnings: Here’s Why Investors are Happy Now

Och-Ziff Capital Management Group LLC (NYSE:OZM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.84%.

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Och-Ziff Capital Management Group LLC Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 123.08% to $0.29 in the quarter versus EPS of $0.13 in the year-earlier quarter.

Revenue: Rose 33.82% to $270.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Och-Ziff Capital Management Group LLC reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $150.28 million.

Quoting Management: “The year-to-date performance of our funds through April 30th was strong,” said Daniel S. Och, Chairman and Chief Executive Officer of Och-Ziff. “As we begin our 19th year in business, we remain intensely focused on delivering consistent, positive, absolute returns with low volatility to our fund investors. We continued to allocate capital opportunistically across our strategies and geographies, which was central to the returns that we have generated this year. Our performance reflected the value of the flexibility that our multi-strategy approach and international capabilities provide. These attributes enabled us to respond quickly as market conditions changed, and to capitalize on investment opportunities globally. We continue to believe the current environment plays to the strengths of our investment approach.”

Key Stats (on next page)…

Revenue decreased 65.53% from $784.46 million in the previous quarter. EPS decreased 62.34% from $0.77 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.14 and has not changed. For the current year, the average estimate has moved up from a profit of $1.21 to a profit of $1.24 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)