Lazard Ltd (NYSE: LAZ) has reported earnings for its second fiscal quarter (ending June 30) of $0.53 versus a loss $-1.41 for the same period a year ago. This result exceeded the consensus estimate of $0.43 by $0.10. For the latest four quarters through June 30, E.P.S. were $1.67 versus $-0.10 for the same period a year ago.
Recent Price Action
Lazard Ltd (NYSE: LAZ) stock enjoyed a major increase of 11.9% on 7/25/24. The shares closed at $48.48. Moreover, this advance was accompanied by exceptionally high trading volume at 219% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.6% during the last week.
Current PriceTarget Research Rating
LAZ’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Lazard has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lazard has a neutral Appreciation Score of 43 but a very high Power Rating of 91, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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