Cohen & Steers, Inc. (CNS)
NYSE:CNS
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Earnings Data
Report Date
Jul 22, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
0.73Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong investment performance, continued product and distribution momentum, positive net inflows ($497M), growing ETF AUM and a robust institutional pipeline ($1.7B), alongside meaningful product-level successes (multi-strategy real assets, listed infrastructure, nontraded REIT performance). Offsetting these positives are modest sequential declines in EPS and operating income, rising expenses, sub-advisory outflows (notably Japan), some reported outflows in preferred securities/fixed income volatility, and short-term uncertainty from the Middle East conflict. On balance, the strategic growth initiatives, high outperformance rates, and sustained inflows materially outweigh the near-term operational and market headwinds.Company Guidance
Net Inflows and AUM Growth
Firm-wide net inflows of $497 million in Q1 2026; ending AUM $93.1 billion up from $90.5 billion at Q4 (≈ +2.9% end-period) and average AUM increased to $94.4 billion from $90.8 billion sequentially (≈ +4.0%). Market appreciation contributed $2.7 billion to AUM during the quarter.
Strong Product-Level Flows and Momentum
Active ETFs recorded $224 million of third-party net flows in the quarter and total AUM for the first five ETFs is $675 million. U.S. open-end funds had over $300 million of inflows. Multi-strategy real assets experienced $142 million of inflows (best quarter since Q3 2022). Global listed infrastructure recorded its fifth straight quarter of net inflows totaling $96 million.
Outstanding Investment Performance
Performance scorecard: 86% of AUM outperformed benchmark on a 1-year basis; 3- and 5-year outperformance rates both above 97%. 95% of open-end fund AUM rated 4- or 5-star by Morningstar (up from 90% last quarter).
Product and Distribution Expansion Progress
Progress on growth initiatives: active ETFs momentum and first major broker-dealer platform placement; conversion of 'Future of Energy' open-end fund to ETF planned midyear; SICAV offshore funds continued inflows (25 of past 27 quarters, $62 million this quarter); nontraded REIT established 11 properties (≈ $650 million assets). Distribution hires completed including Head of Japan and new COO for distribution.
Nontraded REIT Performance
CoStar Income Opportunities REIT: 11 properties owned/under contract totaling ~$650 million and delivering 10.6% annualized returns since inception versus a 4.3% peer average; portfolio occupancy ~97%.
Short-Duration Preferred Strategy Yield and Scale
Short-duration preferred open-end vehicles yield just shy of 6%, duration ~2.5 years, investment-grade credit profile (BBB-). Firm has ~$1.9 billion in open-end mutual fund and $1 billion in closed-end fund for preferred strategies, with additional SICAV and ETF launches over the past year.
Positive Quarterly Revenue and Operating Results
Revenue for Q1 increased 0.3% sequentially to $144.3 million. Operating income was $50.7 million and operating margin 35.1%, with compensation ratio in line with guidance at 40%.
Healthy Pipeline and Institutional Wins
Unfunded institutional pipeline of $1.7 billion with good velocity in the quarter (new mandates and fundings), and advisory channel recorded $210 million of net inflows including five new mandates totaling $287 million.
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
CNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | $64.64 | $66.67 | +3.14% |
Jan 22, 2026 | $68.07 | $65.23 | -4.17% |
Oct 16, 2025 | $64.53 | $68.28 | +5.81% |
Jul 17, 2025 | $73.48 | $70.69 | -3.80% |
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.
FAQ
When does Cohen & Steers, Inc. (CNS) report earnings?
Cohen & Steers, Inc. (CNS) is schdueled to report earning on Jul 22, 2026, After Close (Confirmed).
What is Cohen & Steers, Inc. (CNS) earnings time?
Cohen & Steers, Inc. (CNS) earnings time is at Jul 22, 2026, After Close (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 2026 (Q2) is 0.82.