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Lazard (LAZ)
NYSE:LAZ
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.66Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -30.29%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
Lazard reported strong growth in revenue and financial advisory performance with record revenue growth in Europe and increased mandates. However, challenges included a decrease in assets under management and significant outflows. Despite these challenges, the overall sentiment remains positive due to the firm's strategic growth and improved financial performance.Company Guidance
During Lazard's fourth quarter and full year 2024 earnings call, several key metrics and strategic initiatives were highlighted. The firm reported an adjusted net revenue of $812 million for the fourth quarter, a 7% increase from the previous year, and $2.9 billion for the full year, marking an 18% rise from 2023. The Financial Advisory segment achieved $508 million in adjusted net revenue for the fourth quarter, up 6% year-over-year, and $1.7 billion for the full year, a 28% increase. Asset Management recorded $287 million in adjusted net revenue for the fourth quarter, up 5%, and $1.1 billion for the year, a 3% improvement. Lazard's adjusted compensation expense for 2024 was $1.9 billion, with a full-year compensation ratio of 65.9%, and they aim for a 60% target in 2025. The firm also returned $303 million to shareholders in 2024, including $179 million in dividends and $60 million in share repurchases. Looking ahead, Lazard anticipates continued growth in both Financial Advisory and Asset Management, supported by a strong pipeline of $10 billion in unfunded mandates and an evolving strategic vision towards 2030.Record Revenue Growth
Firm-wide adjusted net revenue was $812 million for the fourth quarter, up 7% from the prior year, and $2.9 billion for the year, up 18% from 2023.
Financial Advisory Performance
Financial Advisory adjusted net revenue was $508 million for the fourth quarter, up 6% year-over-year, and $1.7 billion for the full year, up 28% from 2023.
Strong Asset Management Results
Asset Management adjusted net revenue was $287 million for the fourth quarter, up 5% compared to one year ago and $1.1 billion for the full year, up 3% compared to 2023.
Increased Mandates
Entered 2025 with $10 billion of not yet funded mandates, substantially higher than recent years.
Compensation Ratio Improvement
Full year compensation ratio improved by 390 basis points from 2023, with a target of achieving a 60% ratio in 2025.
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LAZ 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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LAZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $52.22 | $54.64 | +4.63% |
| Oct 31, 2024 | $49.79 | $52.04 | +4.52% |
| Jul 25, 2024 | $42.06 | $47.08 | +11.94% |
| Apr 25, 2024 | $37.68 | $37.28 | -1.06% |
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 Lazard (LAZ) report earnings?
Lazard (LAZ) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Lazard (LAZ) earnings time?
Lazard (LAZ) earnings time is at Apr 25, 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 LAZ EPS forecast?
LAZ EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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