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 +0.04% change in stock price 10 days leading up to the earnings, and a +2.77% change 10 days following the report. On the earnings day itself, the stock moves by +0.10%. 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
122.83M
11.36%
0.11%
Gross Margin
--
--
--
Operating Margin
39.69%
6.12%
1.51%
Net Margin
35.24%
12.95%
0.51%
EPS
0.77
13.24%
-13.48%
No Data Available
CNS Earnings Analysis
Cohen & Steers Inc Corporation (CNS.N) Earnings Conference Call
Positive
Stable Earnings Performance: Earnings per share of $0.75, only slightly down from $0.78 sequentially, indicating stable performance.
Q1 Revenue and AUM Growth: Revenue for Q1 was $133.8 million, with an increase in ending AUM to $87.6 billion, reflecting positive market appreciation and net inflows.
Fee Rate Improvement: The effective fee rate improved to 59 basis points, showcasing better revenue generation from AUM mix changes.
Consistent Net Inflows: The company achieved its third consecutive quarter of net inflows, totaling $222 million, demonstrating strong client interest and confidence.
Investment Performance Highlights: 81% of AUM outperformed benchmarks in Q1, with 89% outperforming on a one-year basis, indicating strong investment performance.
Fund Quality Rating: 92% of open-end fund AUM rated four or five stars by Morningstar, highlighting the quality of investment offerings.
ETF Launch Expansion: The launch of three active ETFs in real estate, preferreds, and natural resource equities, expanding the company's market reach and product offerings.
Top Non-Traded REIT Performance: CNS REIT was the top-performing non-traded REIT for the twelve months ended February, returning 13.4%, outperforming the average non-traded REIT significantly.
Real Assets Demand Growth: The company is seeing growing interest in real assets, particularly in the context of inflation and market volatility, positioning them well for future growth.
Negative
Earnings Per Share Decline: Earnings per share decreased from $0.78 to $0.75 sequentially, indicating a decline in profitability.
Q1 Revenue Decline: Revenue for Q1 decreased to $133.8 million, primarily due to lower average AUM and fewer days in the quarter compared to the previous quarter.
Operating Margin Decline: The operating margin fell from 35.5% to 34.7%, reflecting reduced efficiency in operations due to lower revenue.
Unfunded Pipeline Decline: The unfunded pipeline for institutional advisory dropped significantly from $531 million to $61 million, indicating a slowdown in new business opportunities.
Client Asset Retention Challenges: Institutional advisory experienced net outflows of $108 million, highlighting challenges in retaining client assets amid market volatility.
Declining Investor Interest: Despite net inflows of $222 million firm-wide, the inflows were significantly lower than the previous quarter's $860 million, suggesting a potential trend of declining interest from investors.
G&A Expense Increase: The company anticipates a 6% to 7% increase in G&A expenses, which could pressure margins further in the upcoming quarters.
Tax Rate Impact on Income: The effective tax rate is expected to remain at 25.3%, which may limit net income growth if revenues do not improve.
CNS FAQs
How does CNS typically perform around its earnings report dates?
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CNS Earning Call Sentiment
Cohen & Steers, Inc. (NYSE:CNS) Q1 2025 Earnings Call Transcript
CNS.N
-0.85%Positive
The earnings call presents mixed signals: while the company reports strong performance in certain segments like CNS REIT and AUM growth, EPS and operating margins have declined. The Q&A reveals concerns about market volatility and vague responses on key issues, which could worry investors. The launch of new ETFs and a focus on innovation are positives, but the decrease in net inflows and unfunded pipeline are negatives. Given the mid-cap status of the company, the stock price is likely to remain stable, resulting in a neutral sentiment.
