Yahoo Finance Cohen & Steers Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Cohen & Steers (NYSE:CNS) Third Quarter 2022 Results
Key Financial Results
Revenue: US$140.0m (down 9.2% from 3Q 2021).
Net income: US$44.6m (down 13% from 3Q 2021).
Profit margin: 32% (down from 33% in 3Q 2021). The decrease in margin was driven by lower revenue.
EPS: US$0.91 (down from US$1.06 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cohen & Steers Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 8.2%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for Cohen & Steers (2 are potentially serious!) that you should be aware of before investing here.
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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.
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