CNS Earnings Prediction
The chart below shows how CNS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNS sees a -2.19% change in stock price 10 days leading up to the earnings, and a +2.70% change 10 days following the report. On the earnings day itself, the stock moves by +0.33%. This data can give you a slight idea of what to expect for the next quarter's release.
CNS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
137.44M
25.57%
29.13%
Gross Margin
--
--
--
Operating Margin
46.46%
26.28%
35.93%
Net Margin
40.22%
74.87%
42.32%
EPS
0.77
18.46%
22.22%
No Data Available
CNS Earnings Analysis
Cohen & Steers Inc Corporation (CNS.N) Earnings Conference Call
Positive
Earnings Per Share Increase: Earnings per share increased to $0.77, up from $0.68 sequentially, reflecting strong financial performance.
Quarterly Revenue Increase: Revenue rose to $133 million, compared to $122 million in the prior quarter, driven by higher average AUM.
Operating Income Improvement: Operating income improved to $47.6 million, up from $42.5 million sequentially, with an operating margin of 35.7%.
AUM Increase and Market Growth: Total AUM reached $91.8 billion, an increase of over $11 billion from the prior quarter, primarily due to market appreciation and net inflows.
Net Inflows Surge: Firm-wide net inflows of $1.3 billion were recorded in Q3, marking the first quarter of inflows since Q1 2022, with U.S. REIT strategies leading the way.
Negative
Net Inflows and Outflows: Net inflows of $1.3 billion in Q3 were offset by $221 million outflows from the international real estate fund, indicating ongoing challenges in certain segments despite overall positive inflows.
Declining Operating Margins: Operating margins showed a decline compared to the first nine months of the previous year, despite market tailwinds, suggesting potential inefficiencies or increased costs that are not being managed effectively.
Client Redemption Forecast: The company anticipates $1 billion in expected redemptions from advisory and sub-advisory clients, indicating potential future outflows that could impact AUM and revenue.
Rising Administrative Expenses: General and administrative expenses are expected to increase by 6% to 7% for the year compared to 2023, which could pressure margins and profitability moving forward.
Consistent Tax Rate Impact: The effective tax rate for Q4 is expected to remain consistent with the year-to-date rate of 25.3%, indicating no relief in tax burdens that could affect net income.
CNS FAQs
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CNS Earning Call Sentiment
Earnings call transcript: Cohen & Steers Q3 2024 shows mixed results
CNS.N
-0.24%Positive
The earnings call presents a positive outlook with strong financial performance, including increased EPS, revenue, and AUM. Management's optimism about future revenue, due to a rate-cutting cycle and net inflows, further supports this. While competitive pressures and client redemption risks exist, the company maintains a strong balance sheet and liquidity. The Q&A session showed confidence in core strategies, despite some lack of clarity on future flows. Given the market cap and the positive financial metrics, a 2% to 8% stock price increase is anticipated.
