Lazard Q4 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23h ago
0mins
Source: seekingalpha
- Earnings Beat: Lazard reported a Q4 non-GAAP EPS of $0.80, exceeding expectations by $0.11, which underscores the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $892 million, reflecting a 9.9% year-over-year increase and surpassing market expectations by $70.13 million, indicating strong performance in its financial advisory segment.
- Record Annual Performance: Lazard's full-year adjusted net revenue for financial advisory reached $1.8 billion, with asset management inflows and total AUM up 12% year-over-year, demonstrating the company's sustained competitive strength in the market.
- Long-term Strategic Goals: As part of Lazard's 2030 vision, the company aims to achieve an adjusted non-compensation ratio between 16% and 20%, depending on market conditions, reflecting its confidence in future growth and strategic planning.
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Analyst Views on LAZ
Wall Street analysts forecast LAZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAZ is 54.50 USD with a low forecast of 46.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
1 Hold
2 Sell
Hold
Current: 52.610
Low
46.00
Averages
54.50
High
59.00
Current: 52.610
Low
46.00
Averages
54.50
High
59.00
About LAZ
Lazard, Inc. is a financial advisory and asset management company, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Its segments include Financial Advisory and Asset Management. Financial Advisory segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of advisory services including mergers and acquisitions advisory, capital markets advisory, shareholder advisory, sovereign advisory, geopolitical advisory, restructuring and liability management, capital raising and placement, and other strategic matters. Asset Management segment offers a range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private wealth clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lazard Reports Strong Q4 2025 Earnings with Strategic Growth Insights
- Financial Performance Growth: Lazard reported full-year revenue of $3 billion for 2025, a 5% increase year-over-year, with Q4 revenue at $892 million, reflecting a 10% year-over-year growth, showcasing strong performance in the Financial Advisory sector.
- Asset Management Innovation: Asset Management revenue reached $1.2 billion in 2025, with an 18% increase in Q4, driven by record gross inflows exceeding $50 billion and the launch of seven active ETFs, indicating enhanced competitiveness in the market.
- Management Transition: New CFO Tracy Farr succeeds Mary Ann Betsch, focusing on improving operational efficiency and driving profitable growth, which is expected to lead to strategic shifts within the company.
- Optimistic Future Outlook: Management anticipates an acceleration in financial advisory activity in 2026, targeting an average revenue of $12.5 million per Managing Director, reflecting the company's confidence in future growth and responsiveness to market demand.
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Lazard Stock Rises 3.3% Following Q4 Earnings Beat Expectations
- Company Performance: Lazard's shares have decreased by 3.3% following their Q4 profit report.
- Profit Analysis: The reported profit was above market estimates, indicating stronger-than-expected financial performance.
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