Q4 24 EPS
$0.78
BEAT +4.99%
Est. $0.74
Q4 24 Revenue
$139.8M
BEAT +1.13%
Est. $138.2M
vs S&P Since Q4 24
-28.7%
TRAILING MARKET
CNS -8.4% vs S&P +20.3%
Full Year 2024 Results
FY 24 EPS
$2.93
FY 24 Revenue
$517.4M
Market Reaction
Did CNS Beat Earnings? Q4 2024 Results
Cohen & Steers closed out 2024 on a firm note, posting adjusted diluted EPS of $0.78 for the fourth quarter, ahead of the $0.74 consensus estimate by roughly 5%, while revenue of $139.78 million edged past expectations by 1.13% and grew 13.3% from a … Read more Cohen & Steers closed out 2024 on a firm note, posting adjusted diluted EPS of $0.78 for the fourth quarter, ahead of the $0.74 consensus estimate by roughly 5%, while revenue of $139.78 million edged past expectations by 1.13% and grew 13.3% from a year earlier. The headline driver was a meaningful improvement in client flows, with net inflows of $860 million reversing the $935 million in net outflows recorded in Q4 2023, led by $1 billion flowing into U.S. Real estate open-end funds. That flow recovery helped sustain fee-earning assets even as $6.10 billion in market depreciation pulled ending AUM down 6.5% sequentially to $85.80 billion. The adjusted operating margin widened to 35.5% from 34.7% a year ago, reflecting disciplined cost management as employee compensation held essentially flat quarter-over-quarter at $56.50 million. For the full year, GAAP revenue grew 5.7% to $517.42 million, with full-year average AUM of $83.90 billion exceeding the prior year's $79.90 billion.
Key Takeaways
- • Higher average assets under management drove increased investment advisory and administration fees
- • Net inflows of $860 million in Q4, reversing net outflows of $935 million in Q4 2023
- • U.S. real estate open-end funds attracted $1.0 billion in net inflows
- • Performance fees of $1.4 million recognized from certain institutional accounts
- • Operating margin expanded to 35.3% GAAP and 35.5% as adjusted in Q4
CNS YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
CNS Revenue by Segment
With YoY comparisons, source: SEC Filings
CNS Earnings Trends
CNS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CNS EPS Trend
Earnings per share: estimate vs actual
CNS Revenue Trend
Quarterly revenue: estimate vs actual
CNS Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.82 | $0.79 | -3.66% | $145.6M | +1.71% |
| Q4 25 BEAT FY | $0.81 | $0.81 | +0.00% | $143.8M | +0.44% |
| FY Full Year | — | $3.09 | — | $556.1M | — |
| Q3 25 BEAT | $0.78 | $0.81 | +3.85% | $141.7M | +2.08% |
| Q2 25 MISS | $0.76 | $0.73 | -3.31% | $136.1M | +0.47% |
| Q1 25 BEAT | $0.72 | $0.75 | +4.17% | $134.5M | -5.26% |
| Q4 24 BEAT FY | $0.74 | $0.78 | +4.99% | $139.8M | +1.13% |
| FY Full Year | — | $2.93 | — | $517.4M | — |