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Lazard (LAZ)
NYSE:LAZ
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.52Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 25, 2025
|% Change Since: -1.81%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable expansions and strategic advancements, such as increased market share and new product launches, these were counterbalanced by declines in financial advisory and asset management revenues and high expenses. The uncertainty surrounding trade policies and tariffs further complicates the outlook.Company Guidance
During Lazard Ltd's First Quarter 2025 Earnings Conference Call, the company provided guidance reflecting a stable yet cautious outlook. The adjusted net revenue for the quarter was $643 million, with financial advisory contributing $370 million, despite being 17% lower than the previous year's record first quarter. Asset management reported adjusted net revenue of $264 million, down 4% from the prior year, with assets under management (AUM) reaching $227 billion as of March 31st. The compensation ratio was 65.5%, slightly below the previous year's 66%, while the adjusted effective tax rate was negative 13.9% due to a discrete benefit. The company returned $175 million to shareholders and declared a quarterly dividend of $0.50 per share. Looking ahead, Lazard expressed optimism amid uncertainty, highlighting strong client engagement and a growing backlog in financial advisory, driven by M&A activity and restructuring, particularly in Europe. Despite challenges, the firm remains focused on executing its Lazard Ltd 2030 long-term strategy, expanding its presence in regions like the Middle East, and introducing new products such as active ETFs in the US.Increased Global Market Share in Financial Advisory
Lazard Ltd's global market share of announced transactions increased year over year, reflecting strong client engagement and successful long-term strategy implementation.
Substantial Improvement in Asset Management Flows
Asset management saw substantial improvement in inflows, driven by large wins in strategic focus areas including quantitative platforms and international equities.
Expansion into New Markets
Lazard Ltd expanded its financial advisory presence in the Middle East by opening an office in Abu Dhabi, complementing its existing offices in Saudi Arabia and Dubai.
Launch of New ETF Products
Lazard Ltd launched its first active ETF products in the US, expanding its capabilities to meet investor preferences and demand.
Resilient Diversified Business Model
The company highlighted its diversified business model, allowing it to adapt to client needs rapidly in uncertain times.
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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 |
|---|---|---|---|
| Apr 25, 2025 | $39.87 | $38.64 | -3.09% |
| 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% |
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 Jul 24, 2025, TBA Not Confirmed.
What is Lazard (LAZ) earnings time?
Lazard (LAZ) earnings time is at Jul 24, 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 (Q2) is 0.39.
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