Overview
Financial advisory firm's Q4 revenue rose 11%, beating analyst expectations
Adjusted EPS for Q4 was $0.80, exceeding analyst estimates
Company appointed Tracy Farr as CFO
Outlook
Lazard cites favorable business conditions for future growth opportunities
Result Drivers
FINANCIAL ADVISORY GROWTH - Record revenue in Financial Advisory driven by significant M&A transactions, including Kellanova's $35.9 bln acquisition by Mars
ASSET MANAGEMENT INCREASE - Asset Management revenue rose 18% in Q4, supported by 12% increase in AUM due to market and forex appreciation
STRATEGIC HIRING - 21 Managing Directors hired in 2025 as part of Lazard 2030 growth strategy, contributing to revenue per MD of $8.9 mln
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $907 mln | $824.27 mln (6 Analysts) |
Q4 Adjusted EPS | Beat | $0.80 | $0.69 (9 Analysts) |
Q4 Assets Under Management | $254 bln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Lazard Inc is $59.00, about 12.1% above its January 28 closing price of $52.61
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPnsT2qga
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)