Lazard (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lazard, Inc. LAZ is looking to accelerate top-line growth as it works toward its goal of doubling firmwide revenue by 2030. While Financial Advisory remains an important revenue source, Asset Management is becoming an increasingly meaningful contributor, accounting for 42.1% of total net revenue as of June 30, 2026.
Lazard, Inc. LAZ reported preliminary assets under management (AUM) of $290.3 billion as of Aug. 31, 2026, reflecting a 1.2% increase from July 31, 2026. The increase was primarily driven by $3.7 billion in market appreciation and $1.5 billion in foreign exchange appreciation, partly offset by $1.8 billion in net outflows.
Lazard Inc.'s LAZ stock has lost 14.1% over the past six months against the industry's growth of 5.5%. The underperformance raises questions about whether the recent pullback presents an attractive entry point or if investors should wait for greater clarity on the company's growth outlook.
LAZ's AUM rises marginally in July to $286.9B on market appreciation despite net outflows. Let's see if it can sustain AUM growth on strong client demand.
Lazard shows strength in Asset Management, with revenue up 23% YoY and positive fee mix shifts on AUM growth. Advisory faces headwinds from geopolitics, rising capital costs and associated subdued private equity M&A, limiting near-term catalysts. Strategic activity and restructuring support advisory, but DCM and ECM outlook remains weak amid ongoing market uncertainty driven by capital cost risks.
Lazard's Q2 results are hurt by weaker Financial Advisory revenues and higher expenses. Shares fell 1.2% despite growth in Asset Management and AUM.
Lazard NYSE: LAZ reported second-quarter adjusted net revenue of $786 million and first-half adjusted net revenue of $1.5 billion, while executives said the firm is seeing signs that its multi-year Lazard 2030 strategy is beginning to show through in client activity, asset flows and advisory pipelines.
Although the revenue and EPS for Lazard (LAZ) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lazard (LAZ) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.52 per share a year ago.
Get a deeper insight into the potential performance of Lazard (LAZ) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Lazard (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.