Lazard's Earnings Outlook

On Friday, July 31, Lazard LAZ will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Earnings and Revenue

Based on Lazard management projections, analysts predict EPS of $0.41 on revenue of $502.54 million. In the same quarter last year, Lazard reported EPS of $0.73 on revenue of $629.70 million. The Wall Street consensus estimate for earnings would represent a 43.84% decrease for the company. Sales would be down 12.04% on a year-over-year basis. Lazard's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Over the last 52-week period, shares are down 22.38%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Lazard is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/ipqgkjiw