Stocks · Financial Services · Financial - Capital Markets
Lazard Inc LAZ
$36.07 -1.02% Close, Oct 2, 2026 · NYSE · Market cap $3.52B
Weak trendHigh risk
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Diluted EPS over the last four quarters was $2.07, down 28.5% year over year.
- Over the past year the stock returned -30.0%, behind the S&P 500 by 45.1 percentage points.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth15Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 49%
- EPS growth (TTM, YoY)Bottom 17%
- FCF growth (TTM, YoY)Top 43%
- Revenue growth, 3-year CAGRBottom 15%
- Revenue growth accelerationBottom 29%
Quality70Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 21%
- Gross marginBottom 20%
- Operating marginBottom 23%
- Cash conversion (OCF / net income)Top 11%
- Accruals (lower is better)Top 10%
- Net debt / EBITDA (lower is better)Bottom 37%
- Interest coverTop 24%
Value79Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 46%
- Free-cash-flow yieldTop 14%
- EBITDA / enterprise valueTop 36%
- Sales / enterprise valueTop 16%
- P/E vs own 5-year history (lower is better)Bottom 48%
Momentum6Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 12%
- 6-month returnBottom 8%
- 1-year return vs S&P 500Bottom 10%
- Distance from 52-week highBottom 10%
- Trend checklist (0–4)Bottom 9%
Revisions25Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 15%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyBottom 47%
- Upside to consensus price targetTop 32%
Stability9Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 17%
- Maximum drawdown, 3 yearsBottom 20%
- Beta vs S&P 500 (lower is better)Bottom 4%
- Net debt / EBITDA (lower is better)Bottom 37%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 10.2% | 6.9% | ↓ |
| EPS growth (YoY) | -11.1% | -28.5% | ↓ |
| Gross margin | 36.8% | 47.2% | ↑ |
| Operating margin | 13.5% | 10.5% | ↓ |
| FCF margin | 17.9% | 21.2% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.9% | 10.2% | ↓ | Top 49% |
| EPS growth (TTM, YoY) | -28.5% | -11.1% | ↓ | Bottom 17% |
| Gross margin | 47.2% | 36.8% | ↑ | Bottom 20% |
| Operating margin | 10.5% | 13.5% | ↓ | Bottom 23% |
| Net margin | 6.9% | 10.1% | ↓ | — |
| Free-cash-flow margin | 21.2% | 17.9% | ↑ | — |
| Return on invested capital | 7.5% | — | Top 21% | |
| Revenue growth, 3-year CAGR | 4.1% | — | Bottom 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.98×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -10.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 16.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -5.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.63×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.8×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 5.43%
- Net buyback yield (TTM)
- 9.76%
- Shareholder yield
- 15.19%
- Share count change, 1 year
- +2.3%
- Share count change, 3-year CAGR
- +6.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -10.0%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $44.00
- Target vs current price
- +22.0%
- Analysts with a rating
- 29
- Share rating Buy or Strong Buy
- 45%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -64.5% | -1.2% | -6.7% | +3.7% | — |
| May 1, 2026 | -19.2% | -6.9% | -4.2% | -2.4% | -11.8% |
| Jan 29, 2026 | +17.6% | +2.2% | +5.0% | +0.6% | -10.1% |
| Oct 23, 2025 | +26.0% | -1.3% | -3.9% | -5.8% | +4.4% |
| Jul 24, 2025 | +36.8% | -0.7% | -3.3% | -2.9% | -11.5% |
| Apr 25, 2025 | +93.1% | -3.1% | -1.1% | +8.2% | +34.9% |
| Jan 30, 2025 | +13.0% | +4.6% | +1.9% | -7.8% | -26.7% |
| Oct 31, 2024 | -7.3% | +4.5% | +20.4% | +13.9% | +4.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.12 | $0.34 | -64.5% | $786.5M |
| May 1, 2026 | $0.42 | $0.52 | -19.2% | $673.0M |
| Jan 29, 2026 | $0.80 | $0.68 | +17.6% | $906.7M |
| Oct 23, 2025 | $0.56 | $0.44 | +26.0% | $782.4M |
| Jul 24, 2025 | $0.52 | $0.38 | +36.8% | $808.0M |
| Apr 25, 2025 | $0.56 | $0.29 | +93.1% | $657.5M |
| Jan 30, 2025 | $0.78 | $0.69 | +13.0% | $824.7M |
| Oct 31, 2024 | $0.38 | $0.41 | -7.3% | $792.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 17.4× | 14.1× | 59th | Bottom 46% |
| P/E (forward) | 16.3× | — | — | — |
| EV / EBITDA | 11.4× | — | — | Top 36% |
| EV / Sales | 1.39× | — | — | Top 16% |
| Free-cash-flow yield | 19.83% | — | — | Top 14% |
| Earnings yield | 5.75% | — | — | Bottom 46% |
P/E over the past five years
Range 6.8× – 31.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -30.0%
- Earnings per share growth (TTM)
- -28.5%
- Change in P/E multiple
- +9.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.7%
- 200-day average slope (20 days)
- -2.6%
- Distance from 50-day average
- -12.8%
- Distance from 200-day average
- -20.9%
- RSI (14)
- 34.6
- Relative volume
- 0.63×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 38.5%
- Volatility vs own 5-year history
- 63th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.82
- Correlation with S&P 500
- 0.68
- Current drawdown from 1-year high
- -36.7%
- Maximum drawdown, 3 years
- -45.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Oct 25, 2021 | Nov 13, 2023 | -50.2% | 516 days | 231 days (Oct 15, 2024) |
| Nov 6, 2024 | Apr 8, 2025 | -45.2% | 103 days | Not yet recovered |
| Jan 14, 2021 | Feb 26, 2021 | -17.3% | 29 days | 48 days (May 6, 2021) |
| Jun 1, 2021 | Jul 19, 2021 | -10.6% | 33 days | 10 days (Aug 2, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.52B
- P/E (TTM)
- 17.4
- EPS, diluted (TTM)
- $2.07
- Revenue (TTM)
- $3.29B
- Dividend yield
- 5.54%
- 52-week range
- $35.16 – $58.75
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.27B | $2.83B | $2.55B | $3.09B | $3.19B |
| Gross profit | $1.37B | $1.17B | $605.1M | $1.08B | $1.01B |
| Operating income | $723.8M | $516.8M | -$80.0M | $386.5M | $415.3M |
| Net income | $528.1M | $357.5M | -$75.5M | $279.9M | $236.8M |
| EPS (diluted) | $4.63 | $3.51 | -$0.90 | $2.68 | $2.17 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $792.4M | $824.7M | $657.5M | $808.0M | $763.1M | $929.4M | $771.6M | $830.2M |
| Net income | $107.9M | $86.3M | $60.4M | $55.3M | $71.2M | $49.9M | $100.9M | $4.8M |
| EPS (diluted) | $1.02 | $0.80 | $0.56 | $0.52 | $0.67 | $0.45 | $0.91 | $0.04 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $866.1M | $834.0M | $164.7M | $742.8M | $537.2M |
| Capital expenditure | -$39.7M | -$49.5M | -$28.3M | -$45.5M | -$31.9M |
| Free cash flow | $826.4M | $784.5M | $136.4M | $697.3M | $505.2M |
| Dividends paid | -$195.9M | -$181.9M | -$173.1M | -$179.0M | -$186.6M |
| Net share buybacks | $168.9M | -$691.7M | -$102.1M | -$59.5M | -$91.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.30B
- Total assets
- $4.36B
- Total liabilities
- $3.46B
- Total debt
- $2.15B
- Net debt
- $1.05B
- Shareholders’ equity
- $914.3M
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 3, 2026 | $0.50 | Aug 14, 2026 |
| May 11, 2026 | $0.50 | May 22, 2026 |
| Feb 9, 2026 | $0.50 | Feb 20, 2026 |
| Nov 3, 2025 | $0.50 | Nov 14, 2025 |
| Aug 4, 2025 | $0.50 | Aug 15, 2025 |
| May 5, 2025 | $0.50 | May 16, 2025 |
| Feb 10, 2025 | $0.50 | Feb 21, 2025 |
| Nov 8, 2024 | $0.50 | Nov 15, 2024 |
Short interest
- Shares sold short
- 9,934,545
- Days to cover
- 8.65
- Change vs previous report
- +6.4%
FINRA short interest, settlement date Sep 15, 2026.