Investment management firm Cohen & Steers (NYSE:CNS) will be reporting earnings this Thursday after market close. Here’s what to look for.
Cohen & Steers missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $136.1 million, up 11.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS and revenue estimates.
Is Cohen & Steers a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Cohen & Steers’s revenue to grow 4.2% year on year to $138.8 million, slowing from the 7.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.78 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cohen & Steers has missed Wall Street’s revenue estimates twice since going public.
Looking at Cohen & Steers’s peers in the capital markets segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Jefferies delivered year-on-year revenue growth of 21.6%, beating analysts’ expectations by 8.4%, and Goldman Sachs reported revenues up 19.6%, topping estimates by 6.8%. Jefferies traded down 1.9% following the results.
Read our full analysis of Jefferies’s results here and Goldman Sachs’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the capital markets stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.6% on average over the last month. Cohen & Steers is down 4.7% during the same time and is heading into earnings with an average analyst price target of $75 (compared to the current share price of $67.04).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.