## Cohen & Steers (CNS) Earnings Preview: What to Expect on October 16th
Get ready, investors! Cohen & Steers, a leading player in the real estate securities asset management space, is about to unveil its latest quarterly earnings report on Wednesday, October 16th. This announcement is sure to spark interest, with investors eager to see if the company can surpass analysts’ expectations and deliver positive guidance for the upcoming quarter.
While earnings performance is a crucial indicator, it’s important to remember that market reactions often hinge on the guidance provided. So, keep a close eye on what Cohen & Steers has to say about the future.
## A Look Back: Past Earnings Performance
Let’s take a trip down memory lane and examine Cohen & Steers’s recent track record. Last quarter, the company exceeded EPS estimates by a slight margin of $0.01. This positive surprise was met with a modest 0.95% increase in the share price the following day. This historical data can offer clues about how the market might react to the upcoming earnings report.
Here’s a quick summary of Cohen & Steers’s recent earnings performance and the corresponding price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 0.67 | 0.68 | 1.0% |
| Q1 2024 | 0.71 | 0.70 | -1.0% |
| Q4 2023 | 0.64 | 0.67 | 3.0% |
| Q3 2023 | 0.7 | 0.7 | -3.0% |
## Cohen & Steers Share Price Analysis
As of October 14th, shares of Cohen & Steers were trading at $96.53. Over the past 52 weeks, the stock has enjoyed a remarkable 78.67% increase. This strong performance suggests that long-term shareholders are likely feeling bullish about the company’s prospects heading into this earnings release.
## Analyst Opinions on Cohen & Steers
To get a better understanding of market sentiment and expectations, it’s essential to look at what analysts are saying. Cohen & Steers has received a total of 2 ratings from analysts, with the consensus rating being “Outperform.” The average one-year price target is $94.0, indicating a potential 2.62% downside.
## Comparing Cohen & Steers to its Peers
To gain further insights, we’ll compare Cohen & Steers to three other major players in the asset management industry: StepStone Group, Affiliated Managers Group, and Janus Henderson Group. This comparison will shed light on their relative performance expectations and market positioning.
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StepStone Group:
Analysts favor a Neutral trajectory for StepStone Group, with an average one-year price target of $55.95, suggesting a potential 42.04% downside.*
Affiliated Managers Group:
Analysts have issued a Buy consensus rating for Affiliated Managers Group, with an average one-year price target of $208.8. This implies a potential 116.31% upside.*
Janus Henderson Group:
Analysts are leaning towards a Neutral trajectory for Janus Henderson Group, with an average one-year price target of $37.43, implying a potential 61.22% downside.## Key Financial Metrics: A Comparative Analysis
Here’s a breakdown of key financial metrics for Cohen & Steers and its peers, providing valuable insights into their respective standings within the industry and market positions:
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Cohen & Steers | Outperform | 2.19% | $60.41M | 7.55% |
| StepStone Group | Neutral | 4.71% | $107.34M | 3.86% |
| Affiliated Managers Group | Buy | -2.38% | $285M | 2.20% |
| Janus Henderson Group | Neutral | 13.92% | $409.30M | 2.84% |
Key Takeaway:
Cohen & Steers currently ranks at the bottom in terms of Revenue Growth among its peers. It occupies a middle ground position for Gross Profit. However, it boasts the highest Return on Equity among the group.## Cohen & Steers: A Closer Look
Cohen & Steers is a specialized asset manager with a strong focus on real estate securities. The firm primarily invests in the equity shares of real estate investment trusts (REITs), with holdings in both domestic and international real estate securities comprising nearly two-thirds of its managed assets. As of January 2024, the company managed a total of $79.3 billion in assets.
Beyond REITs, Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm’s distribution is well-balanced across closed-end funds, open-end funds, and institutional accounts. Over the past four quarters, Cohen & Steers generated 42% of its managed assets (and 27% of its base management fees) from institutional clients, 45% (and 52%) from open-end funds, and 13% (and 21%) from closed-end funds.
## Cohen & Steers Financial Performance: A Deep Dive
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Market Capitalization:
Cohen & Steers’s market capitalization falls below industry averages, suggesting a relatively smaller size compared to its peers. This positioning could be influenced by factors such as perceived growth potential or operational scale.*
Revenue Trend:
Cohen & Steers’s financials present a positive trend over the past three months. The company achieved a notable revenue growth rate of 2.19% as of June 30, 2024, demonstrating a significant increase in top-line earnings. However, it trails behind its peers in the Financials sector, with a lower growth rate than the average.*
Net Margin:
Cohen & Steers’s net margin is below industry standards, indicating potential challenges in achieving strong profitability. The company’s net margin of 25.06% suggests it may face difficulties in effectively controlling costs.*
Return on Equity (ROE):
Cohen & Steers’s ROE stands out as a positive highlight, exceeding industry averages. With an impressive ROE of 7.55%, the company showcases effective use of equity capital and strong financial performance.*
Return on Assets (ROA):
Cohen & Steers’s financial strength is evident in its exceptional ROA, which surpasses industry averages. A remarkable ROA of 4.34% indicates efficient use of assets and robust financial health.*
Debt Management:
The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.31.Stay tuned for Cohen & Steers’s earnings release on October 16th, and remember to visit our earnings calendar for all the latest information on the company’s financial performance.
