Insights into Cohen & Steers's Upcoming Earnings Report
Insights into Cohen & Steers's Upcoming Earnings Report
Cohen & Steers (CNS) is gearing up to announce its latest quarterly earnings report soon, and investors are eager to know what the figures will reveal. Analysts project an earnings per share (EPS) of $0.77 for the period.
The anticipation surrounding this earnings report indicates that investors are not only looking for Cohen & Steers to meet or exceed this EPS estimate but are also keenly interested in guidance for the upcoming quarter, as this can significantly steer market reactions.
Reviewing Past Earnings Performance
In the previous quarter, Cohen & Steers reported an EPS that beat estimates by $0.01, which resulted in a 0.95% rise in the share price the following day. This indicates the importance of exceeding expectations, as it often leads to positive market sentiment.
Here’s a brief overview of the company's past earnings performance:
Quarterly EPS Performance:
Q2 2024: Estimate: 0.67 / Actual: 0.68 / Price Change: +1.0%
Q1 2024: Estimate: 0.71 / Actual: 0.70 / Price Change: -1.0%
Q4 2023: Estimate: 0.64 / Actual: 0.67 / Price Change: +3.0%
Q3 2023: Estimate: 0.70 / Actual: 0.70 / Price Change: -3.0%
Cohen & Steers Share Price Analysis
As of October 14, Cohen & Steers shares are trading at $96.53, marking an impressive increase of 78.67% over the past year. This strong performance likely bolsters the confidence of long-term shareholders as they approach this earnings announcement.
Analyst Insights on Cohen & Steers
Understanding analyst ratings is crucial for investors looking to gauge market sentiment. Currently, Cohen & Steers holds two analyst ratings, with a consensus rating of Outperform. The average one-year price target sits at $94.0, suggesting a possible dip of about 2.62% from current levels.
Benchmarking Against Peers
When examining the broader landscape, it's useful to compare Cohen & Steers's performance with peers in the market. Key players such as StepStone Group, Affiliated Managers Group, and Janus Henderson Group provide context for Cohen & Steers's position in the investments arena.
- StepStone Group is currently rated Neutral by analysts, with a price target suggesting a 42.04% downside potential.
- Affiliated Managers Group is identified as a Buy, showcasing a potential upside of 116.31% based on the consensus target.
- Janus Henderson Group's ratings indicate a Neutral stance, suggesting a possible downside of 61.22%.
Peer Metrics Overview
Examining critical metrics can reveal much about comparative performance. Below are the key figures for Cohen & Steers and its peers:
Company Metrics:
- Cohen & Steers: Consensus: Outperform, Revenue Growth: 2.19%, Gross Profit: $60.41M, ROE: 7.55%
- StepStone Group: Consensus: Neutral, Revenue Growth: 4.71%, Gross Profit: $107.34M, ROE: 3.86%
- Affiliated Managers Group: Consensus: Buy, Revenue Growth: -2.38%, Gross Profit: $285M, ROE: 2.20%
- Janus Henderson Group: Consensus: Neutral, Revenue Growth: 13.92%, Gross Profit: $409.30M, ROE: 2.84%
Cohen & Steers shows strong performance in Return on Equity but lags behind in terms of Revenue Growth, implying room for improvement.
Getting to Know Cohen & Steers
Cohen & Steers specializes in managing assets in real estate securities, primarily focusing on equity shares of real estate investment trusts. As of early 2024, the firm manages approximately $79.3 billion in assets, with a significant portion invested in both domestic and international real estate.
Analyzing Cohen & Steers's Financial Health
Market Capitalization: Cohen & Steers’s market cap falls short of its competitors, which may indicate perceptions about growth potential.
Revenue Growth: The firm has shown a revenue growth rate of 2.19% as of June 30, 2024, although it remains behind many industry peers.
Net Margin and ROE: The net margin stands at 25.06%, which is below industry standards, while a noteworthy ROE of 7.55% denotes efficient use of equity capital.
Debt Management Strategy: The company's debt-to-equity ratio is low at 0.31, showcasing a conservative approach to leverage.
Frequently Asked Questions
What are the expected earnings for Cohen & Steers?
Analysts estimate earnings per share of $0.77 for the upcoming quarter.
How have Cohen & Steers shares performed recently?
Shares have increased by 78.67% over the last 52 weeks, trading at $96.53 as of October 14.
What is the current consensus rating for Cohen & Steers?
The consensus rating among analysts is Outperform.
What revenue growth did Cohen & Steers report?
Cohen & Steers reported a revenue growth rate of 2.19% as of June 30, 2024.
What distinguishes Cohen & Steers from its peers?
Cohen & Steers excels in Return on Equity while facing challenges in Revenue Growth compared to its peers.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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