For the quarter ended March 2025, Lazard (LAZ) reported revenue of $643.19 million, down 13.9% over the same period last year. EPS came in at $0.56, compared to $0.66 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $616.37 million, representing a surprise of +4.35%. The company delivered an EPS surprise of +93.10%, with the consensus EPS estimate being $0.29.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Lazard performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Assets under management - Total Equity: $174.13 billion compared to the $174.14 billion average estimate based on two analysts.
- Assets under management - Total Fixed Income: $44.02 billion compared to the $43.55 billion average estimate based on two analysts.
- Assets under management - Net Flows: $-3.66 billion versus $-6.11 billion estimated by two analysts on average.
- Assets under management - End of Period: $227.43 billion compared to the $227.07 billion average estimate based on two analysts.
- Adjusted net revenue- Asset Management: $264.49 million versus the three-analyst average estimate of $249.76 million. The reported number represents a year-over-year change of -4.2%.
- Adjusted net revenue- Financial Advisory: $369.54 million versus $355.28 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -17.3% change.
- Adjusted net revenue- Corporate: $9.15 million versus $11.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -61.9% change.
View all Key Company Metrics for Lazard here>>>
Shares of Lazard have returned -11% over the past month versus the Zacks S&P 500 composite's -4.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Lazard, Inc. (LAZ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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