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Cohen & Steers, Inc. (CNS)
NYSE:CNS
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.72Last Year’s EPS
0.7Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: -13.48%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with strong revenue and earnings growth, positive net inflows, and successful investment performance highlighting positive trends. However, challenges such as AUM decline, increased operating expenses, and anticipated redemptions balance the achievements, suggesting a cautious yet optimistic outlook.Company Guidance
During the Cohen & Steers Q4 2024 earnings call, the company provided detailed guidance for the upcoming year, focusing on strategic initiatives and financial expectations. They reported Q4 earnings of $0.78 per share and full-year earnings of $2.93, citing a 4.9% sequential increase in revenue to $139.9 million for Q4, primarily driven by higher average AUM and $1.4 million in performance fees. The operating margin held steady at 35.5%, with AUM at $85.8 billion at year-end, impacted by market depreciation. Looking forward to 2025, Cohen & Steers announced the launch of three new ETFs, emphasizing opportunities in the wealth channel, while expecting the compensation ratio to remain at 40.5% and G&A expenses to rise by 6% to 7%. The company anticipates their effective tax rate to remain consistent at 25.3% and plans to focus on growth in active ETFs, private real estate, and international markets, targeting enhanced distribution and investment performance across their asset classes.Revenue and Earnings Growth
Revenue for Q4 increased 4.9% sequentially to $139.9 million, and full year 2024 revenue grew 5.9% to $518 million. Earnings per share for the full year 2024 were $2.93, up from $2.84 in 2023.
Positive Investment Performance
95% of AUM outperformed its benchmark over the one-year period, with strong excess returns of 288, 162, and 224 basis points over 1-, 3-, and 5-year periods, respectively.
Successful Net Inflows
Firm-wide net inflows of $860 million in Q4, driven by $1.2 billion in open-end funds, marking the second consecutive quarter of positive flows.
Launch of New ETFs
Plans to launch three new ETFs in Q1 2025 as the first for Cohen & Steers, focusing on opportunities in the wealth channel.
Strong Non-Traded REIT Performance
CNS REIT's total return in 2024 was 11.6%, ranking #2 among peers.
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CNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $86.04 | $88.66 | +3.05% |
| Oct 16, 2024 | $99.86 | $103.99 | +4.14% |
| Jul 17, 2024 | $79.67 | $80.43 | +0.95% |
| Apr 17, 2024 | $65.02 | $64.28 | -1.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cohen & Steers, Inc. (CNS) report earnings?
Cohen & Steers, Inc. (CNS) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Cohen & Steers, Inc. (CNS) earnings time?
Cohen & Steers, Inc. (CNS) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNS EPS forecast?
CNS EPS forecast for the fiscal quarter 2025 (Q1) is 0.72.
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