Yahoo Finance Lazard First Quarter 2024 Earnings: Beats Expectations
Lazard (NYSE:LAZ) First Quarter 2024 Results
Key Financial Results
Revenue: US$764.8m (up 41% from 1Q 2023).
Net income: US$35.8m (up from US$23.3m loss in 1Q 2023).
Profit margin: 4.7% (up from net loss in 1Q 2023).
EPS: US$0.39 (up from US$0.27 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lazard Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 103%.
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are up 2.8% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Lazard could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
