earnings
confidence high
sentiment positive
materiality 0.75
Lazard Q3 2024 adjusted EPS $0.38, revenue up 21% YoY on Advisory strength
Lazard, Inc.
2024-Q3 EPS reported
$1.88
revenue$2,300,886,000
- Total adjusted net revenue $646M (+21% YoY); Financial Advisory up 41% to $369M.
- Adjusted EPS $0.38 vs $0.10 prior year; GAAP EPS $1.02 includes $0.65 gain on building sale.
- Asset Management AUM $248B (+8% YoY); net outflows $12.4B but market appreciation offset.
- Board declared $0.50/share dividend payable Nov 15; share repurchase authorization $356M.
- Notable M&A mandates: Kellanova/Mars ($35.9B), TPG/Techem (€6.7B), Carlyle/Cogentrix ($3B).