Cohen & Steers Inc reports results for the quarter ended in December - Earnings Summary

Cohen & Steers

24/01/2024 23:37

* Cohen & Steers Inc  CNS.N  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 79 cents.  The mean expectation of two analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 62 cents to 66 cents per share.
    * Revenue fell 5% to $119.12 million from a year ago;
analysts
expected $122.80 million. 
    * Cohen & Steers Inc's reported EPS for the quarter was 60
cents​.
    * The company reported quarterly net income of $29.82
million.
    * Cohen & Steers Inc shares had fallen by 9.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Cohen & Steers
Inc is $74.00 
This summary was machine generated from LSEG data January 24 at
11:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.64           0.67           Beat
 Sep. 30 2023      0.70           0.70           Met
 Jun. 30 2023      0.72           0.70           Missed
 Mar. 31 2023      0.68           0.76           Beat