Cohen & Steers Q4 Adj EPS $0.67 Beats $0.64 Estimate, Sales $119.19M Miss $122.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers (NYSE:CNS) reported Q4 adjusted EPS of $0.67, surpassing the consensus estimate of $0.64 by 4.69%. However, this represents a 15.19% decrease from the $0.79 per share earned in the same quarter last year. The company's quarterly sales were $119.19 million, falling short of the $122.80 million estimate by 2.94% and marking a 4.90% decline from the previous year's sales of $125.33 million.
January 24, 2024 | 9:50 pm
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Cohen & Steers reported a mixed Q4 with an EPS beat but a miss on revenue estimates, alongside a year-over-year decline in both earnings and sales.
While the EPS beat might be viewed positively, the miss on sales estimates and the year-over-year decline in both earnings and sales could dampen investor sentiment. The mixed results present a neutral outlook, as the positive EPS surprise may be offset by the negative sales performance and overall earnings decline.
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IMPORTANCE 75
RELEVANCE 100