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 4.71%.
Och-Ziff Capital Management Group LLC Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.67% to $0.16 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Rose 15.54% to $207.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Och-Ziff Capital Management Group LLC reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $141.6 million.
Quoting Management: “The year-to-date investment performance of our funds through July 31st continued to be strong,” said Daniel S. Och, Chairman and Chief Executive Officer of Och-Ziff. “We again demonstrated our ability to protect capital through effective asset allocation and exposure management in response to the volatile market environment globally in late May and June. We maintained the returns we generated in the first part of the year, and extended that performance as market conditions became more constructive in July.”
Key Stats (on next page)…
Revenue decreased 41.16% from $353.14 million in the previous quarter. EPS decreased 44.83% from $0.29 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 $0.2 and has not changed. For the current year, the average estimate is a profit of $1.33, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)