LAZARD LTD Reports Q4 FY2022 Earnings Results on February 2, 2023
February 8, 2023
Earnings report
LAZARD LTD ($NYSE:LAZ), a financial services firm, reported its earnings results for the fourth quarter of FY2022, ending December 31st 2022, on February 2nd 2023. For the fourth quarter, LAZARD LTD reported total revenue of USD 42.4 million, a decrease of 79.9% from the same period the year prior. Net income was reported at USD 731.9 million, a 27.7% drop year over year.
This was due to investors’ confidence in the company’s long-term prospects despite the short-term dip in results. Going forward, LAZARD LTD will focus on expanding its existing services as well as developing new ones to meet the needs of its clients.
Price History
On Thursday, February 2, 2023, LAZARD LTD reported its fourth quarter earnings results for the fiscal year 2022. The stock opened at $41.0 and closed at $40.8, a decrease of 0.8% from the last closing price of $41.2. Overall, LAZARD LTD reported mixed results for the fourth quarter of FY2022, with revenue increasing and net income decreasing as compared to the previous quarter. The company’s balance sheet and cash flow statement were also mixed, with total assets increasing and total liabilities decreasing, and operating cash flow increasing and free cash flow decreasing. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lazard Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 2.86k | 357.52 | 12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lazard Ltd. More…
| Operations | Investing | Financing |
| 972.52 | -39.06 | 195.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lazard Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.85k | 4.59k | 6.35 |
Key Ratios Snapshot
Some of the financial key ratios for Lazard Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | 7.8% | 18.1% |
| FCF Margin | ROE | ROA |
| 32.7% | 57.8% | 5.5% |
Analysis
GoodWhale’s analysis of LAZARD LTD‘s fundamentals shows that the company is relatively healthy. The Star Chart assigns LAZARD LTD a score of 9/10 in terms of cashflows and debt, indicating the company is capable of paying off debt and funding future operations. It is also strong in dividend and profitability, while medium in asset and growth. In terms of company type, LAZARD LTD is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Given these fundamentals, LAZARD LTD is likely to be attractive to investors who are seeking a stable investment with a moderate return. These could include long-term investors who are looking for a safe and reliable option for their capital, or income investors who are looking for a steady dividend stream. Moreover, LAZARD LTD may also be attractive to investors who are looking for an opportunity to diversify their portfolio, as its moderate growth potential could help to balance out more volatile investments. In conclusion, LAZARD LTD’s fundamentals suggest that it is likely to be an attractive option for a range of investors, particularly those who are looking for stability and a moderate return. More…
Peers
The company operates in two segments: Financial Advisory and Asset Management. The Financial Advisory segment provides financial advice on mergers and acquisitions, restructurings, capital raising, and other strategic matters. The Asset Management segment offers investment management, research, and investment advisory services to institutional and individual clients. Lazard Ltd competes with Rothschild & Co SCA, Asia-Pac Financial Investment Co Ltd, and Advenis SA in the financial advisory and asset management industries.
– Rothschild & Co SCA ($LTS:0FPB)
Rothschild & Co SCA is a French multinational investment bank and financial services company founded in 1811. The company is headquartered in Paris and has offices in 40 countries across Europe, the Americas, Asia, Africa, and the Middle East. Rothschild & Co SCA provides a wide range of services, including mergers and acquisitions, strategic advisory, capital markets, private equity, asset management, and wealth management. The company has a market cap of 2.54B as of 2022 and a Return on Equity of 20.39%.
– Asia-Pac Financial Investment Co Ltd ($SEHK:08193)
Asia-Pac Financial Investment Co Ltd is a company that operates in the financial sector. It has a market cap of 62.96M as of 2022 and a Return on Equity of -28.99%. The company offers a range of financial services, including investment banking, asset management, and insurance.
Summary
Investors in LAZARD LTD should be wary of the company’s recent earnings results for the fourth quarter, ending December 31 2022. Total revenue for the period dropped 79.9% year-over-year, resulting in a net income decrease of 27.7%. This indicates a significant decline in the company’s financial performance, raising concerns about its ability to generate returns for shareholders. Despite this, LAZARD LTD is still a major player in the financial services industry and has a long history of success. To get a more accurate picture of the company’s future prospects, investors should pay close attention to upcoming financial reports and analyst forecasts.
Additionally, they should consider how the company’s strategic initiatives might impact its overall performance.
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