LAZ

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.

Lazard is expected to report Q3 2026 earnings of $0.49 per share (down 12.5% YoY) with revenues of $836.95 million (up 15.5% YoY) on October 22. However, the stock carries a negative Earnings ESP of -11.34% and a Zacks Rank #5, making an earnings beat unlikely. The company missed consensus estimates significantly in the last quarter (-71.43% surprise), adding to bearish sentiment.

Lazard (LAZ) reported $285 billion in AUM as of June 2026, up 15% year-over-year, with $7.4 billion in first-half net inflows—its strongest in nearly 20 years. The company is pursuing its goal of doubling firmwide revenue by 2030 through expansion of its Asset Management division, which now accounts for 42.1% of net revenue. Key growth drivers include the Lazard Advantage quantitative platform reaching $50 billion AUM, active ETF expansion, and strategic acquisitions including a controlling stake in Elaia Partners and the planned acquisition of Campbell Lutyens.