Cohen & Steers
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cohen & Steers met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and earnings per share expanded significantly.
Margins grew across the board.
Cohen & Steers logged revenue of $59.4 million. The four analysts polled by S&P Capital IQ expected net sales of $59.9 million. Sales were 15% higher than the prior-year quarter's $51.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.36. The four earnings estimates compiled by S&P Capital IQ forecast $0.34 per share. GAAP EPS of $0.36 for Q4 were 24% higher than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 54.7%, 1,050 basis points better than the prior-year quarter. Operating margin was 38.4%, 1,320 basis points better than the prior-year quarter. Net margin was 27.0%, 240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.7 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $271.8 million. The average EPS estimate is $1.57.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 102 members out of 115 rating the stock outperform, and 13 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Cohen & Steers a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cohen & Steers is outperform, with an average price target of $28.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.