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北京时间·🕒 发布 07-23 20:34:53时区推断·⟳ 抓取 07-23 20:36:01·⚡ 决策 07-24 08:12:32 +11h36m·95.8 天前
Lazard二季度EPS低于预期但收入高于预期，盘前小幅下跌
Lazard二季度调整后EPS为0.12美元，低于0.35美元预期且同比下降77%，但净收入8.08亿美元高于7.36亿美元共识。
📄 原文Seeking Alpha↗ 原文
Lazard dips as elevated tax rate hits Q2 earnings, financial advisory impacts revenue
Lazard (LAZ) was trading lower after the company missed second-quarter earnings estimates on elevated tax rate, while r…
不做 Lazard（LAZ.US）
财报多空混合：EPS大幅低于预期但收入超预期且税率被公司解释为非全年化；当日跌幅有限，空头edge不足。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-23 · 扩散 medium · price-in 风险 medium ↗
关键理由
- Lazard二季度调整后EPS为0.12美元，低于0.35美元预期且同比下降77%，但净收入8.08亿美元高于7.36亿美元共识。
- 业绩压力主要来自较高税率和财务顾问收入下降9%，公司同时称税率不代表全年水平且资产管理收入增长20%。
主要风险
- 信息本身多空混合，且美股盘前已下跌后盘中跌幅收窄，缺少明确同向交易边界。
反向证据
- 做空前查反向 · 来源 supplied_news · 日期 2026-07-23 · 影响 weakens
公司称较高税率不代表全年税率，且净收入超过共识，削弱将EPS miss转成短空的确定性。
检索:LAZ.US 二季度 EPS miss revenue beat elevated tax rate 原文 ↗
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原文全文
展开原文 · 1,004 字
Lazard (LAZ) was trading lower after the company missed second-quarter earnings estimates on elevated tax rate, while revenue was impacted by underperformance at the Financial Advisory division.
Shares were 3.63% lower at $42.00 during pre-market trading on Thursday.
Adjusted diluted EPS came in at $0.12 per share, down 77% from the same period a year ago and below the S&P Cap IQ analyst estimate of $0.35.
Net revenue increased 1% year-over-year to $808M, exceeding the consensus estimate of $736.01M. Revenue across the Financial Advisory segment decreased 9% to $450M, while Asset Management revenue increased 20% to $351M.
"This quarter's earnings were impacted by an elevated tax rate, which is not indicative of the full-year rate," said CFO Tracy Farr.
"In addition, as we exit the most substantial period of repositioning our advisory talent, the benefits of our growth investments will increasingly mature into earnings," said Farr.
Earnings conference call is scheduled for 8:00 AM ET today.
Shares were 3.63% lower at $42.00 during pre-market trading on Thursday.
Adjusted diluted EPS came in at $0.12 per share, down 77% from the same period a year ago and below the S&P Cap IQ analyst estimate of $0.35.
Net revenue increased 1% year-over-year to $808M, exceeding the consensus estimate of $736.01M. Revenue across the Financial Advisory segment decreased 9% to $450M, while Asset Management revenue increased 20% to $351M.
"This quarter's earnings were impacted by an elevated tax rate, which is not indicative of the full-year rate," said CFO Tracy Farr.
"In addition, as we exit the most substantial period of repositioning our advisory talent, the benefits of our growth investments will increasingly mature into earnings," said Farr.
Earnings conference call is scheduled for 8:00 AM ET today.
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