earnings
confidence high
sentiment positive
materiality 0.65
Lazard Q1 GAAP EPS $1.05, up 40% YoY; revenue $699M, +8%
Lazard, Inc.
2022-Q1 EPS reported
$1.05
revenue$716,144,000
- GAAP net income $114M ($1.05 diluted EPS) vs $87M ($0.75) in Q1 2021.
- Adjusted net income $115M ($1.05 diluted EPS) vs $101M ($0.87) in Q1 2021.
- Financial Advisory revenue $388M, +22% YoY; Asset Management revenue $312M, -5% YoY.
- Returned $281M to shareholders: $176M share repurchases (4.7M shares at avg $37.26), $47M dividends.
- AUM $253B at March 31, down 5% YoY; net outflows $6.5B in Q1.