Stay Ahead of the Game With Lazard (LAZ) Q1 Earnings: Wall Street's Insights on Key Metrics

Core Insights - Lazard (LAZ) is expected to report quarterly earnings of $0.29 per share, a decline of 56.1% year-over-year, with revenues projected at $616.37 million, down 17.4% from the previous year [1] Earnings Estimates - There has been a 33% downward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Revenue Projections - Analysts estimate 'Adjusted net revenue- Asset Management' at $249.76 million, reflecting a decrease of 9.5% from the prior year [5] - The consensus for 'Adjusted net revenue- Financial Advisory' is $355.28 million, indicating a decline of 20.5% year-over-year [5] - 'Adjusted net revenue- Corporate' is projected at $11.33 million, down 52.8% from the same quarter last year [6] Assets Under Management - 'Assets under management - Total Fixed Income' is expected to be $43.55 billion, down from $47.22 billion in the same quarter last year [6] - 'Assets under management - Total Equity' is projected at $174.14 billion, compared to $195.25 billion a year ago [7] - 'Assets under management - End of Period' is estimated at $227.07 billion, down from $250.43 billion in the same quarter last year [7] - The estimate for 'Assets under management - End of Period - Other' stands at $9.40 billion, up from $7.96 billion year-over-year [8] Stock Performance - Over the past month, Lazard shares have declined by 26.9%, while the Zacks S&P 500 composite has decreased by 8.9% [8] - Lazard holds a Zacks Rank 5 (Strong Sell), suggesting it may underperform the overall market in the near term [8]