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Cohen & Steers Prepares for Q3 Earnings as Revenue Growth Is Expected to Accelerate

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CNS$68.86 −0.19%

Investment management firm Cohen & Steers, Inc. (NYSE:CNS) is scheduled to report its third-quarter financial results on Thursday afternoon. Wall Street consensus projects revenue to grow by 10.6% year-over-year, which represents an acceleration from the 6.4% increase recorded in the same period last year. Analysts covering the company have largely reconfirmed their earnings estimates over the past 30 days.

In the prior quarter, Cohen & Steers delivered revenue of $152.7 million—up 12.2% year-over-year—beating revenue estimates, while earnings per share matched expectations. However, the company has missed revenue forecasts several times over the past two years. Recent third-quarter results across the capital markets sector have shown varied outcomes, with Goldman Sachs posting a 23% revenue increase while Jefferies saw an 8.5% revenue gain.

Shares of Cohen & Steers have fallen 7% over the past month, underperforming the broader capital markets group, which declined an average of 5.5%. The stock currently trades around $68.86, below the average analyst price target of $74.67.

Key points

  • Cohen & Steers, Inc. (NYSE:CNS) will report its third-quarter financial results on Thursday afternoon.
  • Analysts expect revenue to increase 10.6% year-over-year, up from 6.4% growth in the third quarter of last year.
  • Wall Street analyst estimates for the firm have remained unchanged over the last 30 days.
  • The stock has declined 7% over the last month and trades near $68.86 against an average price target of $74.67.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When does Cohen & Steers report Q3 earnings?

Cohen & Steers is scheduled to report its third-quarter results on Thursday afternoon.

What are Wall Street's revenue expectations for Cohen & Steers in Q3?

Analysts project third-quarter revenue to rise 10.6% year-over-year, an improvement from the 6.4% growth reported in the prior-year period.

What is the current analyst price target for Cohen & Steers?

The average analyst price target for Cohen & Steers is $74.67, compared to a recent trading price around $68.86.