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Cohen & Steers, Inc. (CNS)
NYSE:CNS
Earnings Data
Report Date
Apr 22, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.78Last Year’s EPS
0.75Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a constructive operational and market position: solid revenue and operating income growth, recurring net inflows, a strengthened institutional pipeline, strong investment performance metrics, and successful product launches (active ETFs, CCAP). Notable challenges remain—chiefly the underperformance of the firm's largest U.S. REIT strategy, modest sequential decline in ending AUM, higher G&A/talent costs, selective outflows in certain open-end and preferred products, and tight credit conditions. Management provided disciplined 2026 guidance (compensation ratio ~40%, mid-single-digit G&A growth) and highlighted liquidity and investment in distribution, supporting a constructive near-term outlook despite specific strategy headwinds.Company Guidance
Earnings Per Share Growth (Full Year)
FY2025 as-adjusted EPS of $3.09 versus $2.93 in FY2024, an increase of ~5.5% year-over-year, and Q4 reported EPS of $0.81, unchanged from prior quarter.
Revenue Growth
Q4 revenue of $143.8 million, up 2% sequentially; full year revenue of $554 million, up 6.9% versus prior year. Q4 included $1.7 million of performance fees.
Operating Income and Margin Expansion
Operating income of $52.4 million in Q4, up 3% sequentially; FY2025 operating income $195.1 million, up 6.3% year-over-year. Operating margin improved to 36.4% from 36.1% in the prior quarter.
Net Inflows and Product Flows
Q4 net inflows of $1.2–$1.28 billion (company cited $1.2B and $1.28B), full year net flows of $1.5 billion. Five of six trailing quarters had net inflows, with post-Fed-easing quarters averaging $612 million in inflows.
AUM and Pipeline Strength
Ending AUM of $90.5 billion (full-year average AUM $88.6 billion). One-but-unfunded pipeline near multi-year highs at $1.72 billion across 20 mandates (3-year average $970 million); $660 million of new mandates awarded in the quarter and $385 million funded intra-quarter.
Strong Investment Performance Metrics
Long-term outperformance: 95% of AUM outperformed benchmarks on a 1-year basis (3-, 5-, 10-year outperformance rates also >95%). 90% of open-end fund AUM rated 4- or 5-star by Morningstar.
Notable Strategy Returns
Natural resource equities up ~30% in 2025 (with Q4 >6%); real assets multi-strategy +17%; global listed infrastructure +14%–22% depending on sub-strategy; gold +64% in 2025. Private real estate (NCREIF preliminary) total return +0.9% and sixth consecutive quarter of increasing total returns.
Successful Product Launches and Distribution Progress
Launched 5 active ETFs with $378 million AUM (seed capital $90 million); REIT ETF adoption accelerating (first $50M reached in 159 days then faster). Record net inflows of $1.6 billion into global listed infrastructure and record inflows of $291 million into CCAP vehicles; AUM in Australia doubled over two years to $1.2 billion.
Capital Position and Cost Discipline
Year-end liquidity of $403 million (up $39 million vs prior quarter). Compensation ratio decreased to 39% for the quarter and 40% for the year (below prior guidance of 40.5%). Management expects a 40% compensation ratio and mid-single-digit G&A growth in 2026.
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 |
|---|---|---|---|
Jan 22, 2026 | $68.78 | $65.91 | -4.17% |
Oct 16, 2025 | $65.20 | $68.99 | +5.81% |
Jul 17, 2025 | $74.24 | $71.42 | -3.80% |
Apr 16, 2025 | $72.04 | $72.40 | +0.50% |
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 Apr 22, 2026, After Close (Confirmed).
What is Cohen & Steers, Inc. (CNS) earnings time?
Cohen & Steers, Inc. (CNS) earnings time is at Apr 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 (Q1) is 0.78.