Market Overview

Lazard: Q3 Earnings Insights

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Shares of Lazard (NYSE:LAZ) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 11.84% over the past year to $0.67, which beat the estimate of $0.47.

Revenue of $569,047,000 decreased by 3.27% from the same period last year, which beat the estimate of $511,640,000.

Looking Ahead

Lazard hasn't issued any earnings guidance for the time being.

Lazard hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 29, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/8xnb7agn

Recent Stock Performance

52-week high: $44.95

52-week low: $20.94

Price action over last quarter: Up 9.90%

Company Profile

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 30% in EMEA, and 10% in Asia-Pacific. Lazard has offices in over 40 cities across more than 25 countries and over 2,900 employees.

 

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