Lazard, Inc. LAZ

Zacks Investment Research 11 nov

Lazard reported October 2026 AUM of $282.4 billion, down nearly 1% sequentially due to $1.9 billion in market depreciation and $1.4 billion in FX headwinds, despite $1.7 billion in net inflows. The company recorded $5.1 billion in net inflows and $54 billion in gross inflows in the first nine months of 2026, driven by strong client demand across quantitative strategies, emerging markets, and alternatives. Management expects positive net flows for 2026, supported by expanded distribution and growing ETF platforms, though private credit concerns and market volatility pose near-term risks.

Zacks Investment Research 3 nov

Lazard acquired Campbell Lutyens to establish Lazard CL, a global private capital advisory platform with 300+ professionals across 19 offices. The combined entity targets $500M in revenues by 2027 and is expected to be earnings accretive that year. The acquisition accelerates Lazard's 2030 goal of generating 50% of Financial Advisory revenues from private capital and creates cross-selling opportunities with existing M&A and asset management businesses.

The Motley Fool 29 oct

Lazard reported an 11% year-over-year increase in adjusted net revenue driven by expanding M&A deal activity. The firm's advisory pipeline for 2027 doubled compared to the prior year, benefiting from recently hired senior talent. The pending acquisition of Campbell Lutyens will establish Lazard CL, expected to generate $500 million in revenue and be accretive to earnings by 2027. Management is also modernizing operations through automation and AI tools to decouple cost growth from revenue growth and expand operating margins.

Zacks Investment Research 22 oct

Lazard reported Q3 2026 earnings of $0.36 per share, missing consensus estimates of $0.43 and down from $0.56 year-ago. Revenue of $804.62 million also fell short of expectations. The stock has underperformed the market by 23% year-to-date and received a Zacks Rank #5 (Strong Sell) rating due to unfavorable estimate revisions. The Financial - Miscellaneous Services industry ranks in the bottom 31% of sectors.

Zacks Investment Research 21 oct

Lazard is projected to report Q3 earnings of $0.43 per share, down 23.2% year-over-year, with revenues expected to reach $836.95 million, up 15.5%. The consensus EPS estimate has been revised downward by 6.8% in the past 30 days. Asset Management revenue is forecast at $329.99 million (+12.2% YoY), Financial Advisory at $514.44 million (+21.8% YoY), and Corporate at $11.00 million (+34.4% YoY). Lazard holds a Zacks Rank #5 (Strong Sell) rating and is expected to underperform the market.