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Cohen & Steers, Inc. (CNS)
NYSE:CNS
Holding CNS?
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.81Last Year’s EPS
$0.67Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: -8.04%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, highlighting strong investment performance, significant increases in AUM, and record net inflows. However, challenges such as higher expenses and anticipated redemptions were noted.Company Guidance
In the Cohen & Steers Third Quarter 2024 Earnings Conference Call, several key financial metrics were highlighted. The company reported earnings of $0.77 per share, an increase from $0.68 in the previous quarter, with revenue rising to $133 million from $122 million. The effective fee rate remained stable at 58 basis points, and operating income increased to $47.6 million, improving the operating margin to 35.7%. Total expenses rose mainly due to higher compensation and benefits, consistent with the revenue uptick, maintaining a compensation ratio of 40.5%. The effective tax rate was recorded at 25.1% for the quarter. Assets Under Management (AUM) reached $91.8 billion, a $11 billion increase primarily due to market appreciation and net inflows. Liquidity at the quarter's end was $348 million, reflecting an increase from the previous quarter. The company anticipates maintaining the compensation ratio for the rest of the year, with general and administrative expenses expected to rise by 6% to 7% compared to 2023.Significant Increase in AUM
AUM at quarter end was $91.8 billion, an increase of over $11 billion from the prior quarter, primarily due to market appreciation and net inflows.
Strong Investment Performance
96% of AUM outperformed its benchmark on a 1-year basis, with 3-, 5-, and 10-year outperformance at 97%, 97%, and 99% respectively. Global listed infrastructure performance was up 520 basis points versus its benchmark over the last 12 months.
Record Net Inflows
Firm-wide net inflows of $1.3 billion marked the first positive quarter since Q1 2022, with strong contributions from U.S. REIT strategies and open-end funds.
Improved Operating Income and Margins
Operating income was $47.6 million compared to $42.5 million sequentially, with an improved operating margin of 35.7%.
U.S. REITs Surge
U.S. REITs rose by nearly 17% in the quarter, contributing to the strong performance of listed real assets.
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CNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $100.58 | $104.73 | +4.13% |
| Jul 17, 2024 | $80.24 | $81.00 | +0.95% |
| Apr 17, 2024 | $65.48 | $64.74 | -1.13% |
| Jan 24, 2024 | $66.60 | $68.27 | +2.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cohen & Steers, Inc. (CNS) report earnings?
Cohen & Steers, Inc. (CNS) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Cohen & Steers, Inc. (CNS) earnings time?
Cohen & Steers, Inc. (CNS) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNS EPS forecast?
CNS EPS forecast for the fiscal quarter 2024 (Q4) is $0.81.
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