Lazard (LAZ) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Lazard reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, but down from $0.66 per share a year ago, indicating a 93.10% earnings surprise [1] Financial Performance - The company posted revenues of $643.19 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.35%, but down from $746.57 million year-over-year [2] - Over the last four quarters, Lazard has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Lazard shares have declined approximately 22.6% since the beginning of the year, compared to a decline of 6.8% for the S&P 500 [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $689.55 million, and for the current fiscal year, it is $2.50 on revenues of $2.98 billion [7] - The estimate revisions trend for Lazard is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Lazard belongs, is currently in the top 36% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]