Recap: Cohen & Steers Q4 Earnings
Portfolio Pulse from Benzinga Insights
Cohen & Steers (NYSE:CNS) reported Q4 earnings with an EPS of $0.67, beating estimates by 4.69% but with revenue down $6.15 million from the previous year. Last quarter's EPS miss resulted in a 2.57% share price drop the following day.
January 24, 2024 | 9:55 pm
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Cohen & Steers reported a higher-than-expected Q4 EPS but saw a decrease in revenue compared to last year. Previous earnings miss led to a stock price decline.
While the EPS beat could be seen as positive, the decline in revenue may concern investors. The stock's reaction to the last earnings miss suggests sensitivity to earnings reports. However, the impact of the EPS beat versus the revenue decline is uncertain, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100