Lazard 2Q Earnings Pregame Scorecard

FOXBusiness

Having topped analysts' estimates last quarter by 9 cents per share, Lazard (NYSE:LAZ) is expected to deliver its latest earnings on Thursday, July 26, 2012.

Expectations

Continue Reading Below

Analysts currently expect Lazard to come in with earnings of 25 cents per share on revenues of $452.4 million. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 35 cents.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $2.77 per share between June 15, 2012 and June 19, 2012.

Company Fundamental Trends

Stock Ratings

Analysts are bullish on the stock as five analysts rate it as a buy and there are no sell ratings. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to Moderate buy from Hold.

Last Quarter's Results

In the first quarter, profit fell 53.5% to $25.6 million (20 cents a share) from $55 million (43 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.8% to $506.5 million from $461.3 million.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 26, 2012 before market open

EPS: 25 cents

Revenue Estimate: $452.4 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)