Cohen & Steers Q1 2024 Adj EPS $0.70 Misses $0.71 Estimate, Sales $122.710M Miss $125.010M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers reported Q1 2024 adjusted EPS of $0.70, missing the estimate of $0.71. Sales were $122.710M, also missing the estimate of $125.010M.

April 17, 2024 | 8:23 pm
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Cohen & Steers reported a Q1 2024 adjusted EPS of $0.70, missing the $0.71 estimate, and sales of $122.710M, missing the $125.010M estimate.
Missing both EPS and sales estimates can negatively impact investor sentiment and potentially lead to a short-term decline in CNS's stock price. The miss, although slight, indicates a performance below market expectations, which can be particularly sensitive for financial stocks like Cohen & Steers.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100