Lazard (LAZ) Beats Q3 Earnings and Revenue Estimates

Core Insights - Lazard (LAZ) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, and up from $0.38 per share a year ago, representing an earnings surprise of +36.59% [1][2] - The company achieved revenues of $724.65 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.85% and increasing from $645.91 million year-over-year [2] - Lazard has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $923.05 million, while for the current fiscal year, the estimate is $2.40 on revenues of $3.03 billion [7] - The trend of estimate revisions for Lazard was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - Lazard operates within the Zacks Financial - Miscellaneous Services industry, which is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]