Lazard Future Growth

Future criteria checks 5/6

Lazard is forecast to grow earnings and revenue by 20.7% and 10.9% per annum respectively. EPS is expected to grow by 20.6% per annum. Return on equity is forecast to be 50.9% in 3 years.

Key information

20.7%

Earnings growth rate

20.63%

EPS growth rate

Capital Markets earnings growth	13.9%
Revenue growth rate	10.9%
Future return on equity	50.91%
Analyst coverage	Good
Last updated	21 Jul 2025

Recent future growth updates

Recent updates

Investors Still Aren't Entirely Convinced By Lazard, Inc.'s (NYSE:LAZ) Revenues Despite 26% Price Jump

Jul 18

Lazard: Lots Of Positives But Asset Management Is A Drag

Jun 23

Lazard, Inc. (NYSE:LAZ) Stock Rockets 29% But Many Are Still Ignoring The Company

May 09

Lazard, Inc. (NYSE:LAZ) Could Be Riskier Than It Looks

Mar 14

Lazard, Inc.'s (NYSE:LAZ) Shares Bounce 26% But Its Business Still Trails The Industry

Nov 07

Lazard: Aggressive Hiring Means Peer-Leading Growth

Nov 01

Decisive Expansions And Innovative Asset Management Propel Future Revenue Growth

Sep 02 Expansion into Private Capital Advisory and strategic hires in sponsor coverage are set to enhance Lazard's advisory revenue and market share.

Lazard: Still Decent Value

Aug 08

Even With A 33% Surge, Cautious Investors Are Not Rewarding Lazard, Inc.'s (NYSE:LAZ) Performance Completely

Jul 26

Lazard: Liability Management Pickup, Markets Equilibrating

May 17

Lazard: 5% Dividend Yield And Expected Growth Driven By Rebound In M&A And Equity Markets

Feb 18

Earnings and Revenue Growth Forecasts

NYSE:LAZ - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	3,908	N/A	N/A	N/A	3
12/31/2026	3,494	419	N/A	N/A	6
12/31/2025	2,998	260	N/A	N/A	6
3/31/2025	2,939	297	563	615	N/A
12/31/2024	3,049	273	697	743	N/A
9/30/2024	3,048	251	682	722	N/A
6/30/2024	2,782	152	432	461	N/A
3/31/2024	2,742	-22	456	486	N/A
12/31/2023	2,521	-80	136	165	N/A
9/30/2023	2,431	-101	93	137	N/A
6/30/2023	2,631	-3	497	538	N/A
3/31/2023	2,623	216	595	636	N/A
12/31/2022	2,773	352	784	834	N/A
9/30/2022	3,054	517	933	973	N/A
6/30/2022	3,045	518	894	936	N/A
3/31/2022	3,234	546	730	776	N/A
12/31/2021	3,194	519	826	866	N/A
9/30/2021	3,067	499	678	734	N/A
6/30/2021	2,933	467	535	591	N/A
3/31/2021	2,684	418	549	609	N/A
12/31/2020	2,567	395	512	576	N/A
9/30/2020	2,416	285	579	615	N/A
6/30/2020	2,422	257	545	595	N/A
3/31/2020	2,480	249	634	683	N/A
12/31/2019	2,583	283	635	678	N/A
9/30/2019	2,556	321	675	726	N/A
6/30/2019	2,594	382	681	717	N/A
3/31/2019	2,711	464	537	576	N/A
12/31/2018	2,829	527	N/A	699	N/A
9/30/2018	2,803	330	N/A	615	N/A
6/30/2018	2,805	332	N/A	721	N/A
3/31/2018	2,778	306	N/A	891	N/A
12/31/2017	2,642	254	N/A	1,029	N/A
9/30/2017	2,658	465	N/A	1,008	N/A
6/30/2017	2,641	468	N/A	956	N/A
3/31/2017	2,451	428	N/A	801	N/A
12/31/2016	2,335	388	N/A	633	N/A
9/30/2016	2,254	418	N/A	667	N/A
6/30/2016	2,216	703	N/A	694	N/A
3/31/2016	2,271	997	N/A	752	N/A
12/31/2015	2,328	986	N/A	887	N/A
9/30/2015	2,372	1,001	N/A	840	N/A
6/30/2015	2,350	691	N/A	818	N/A
3/31/2015	2,328	402	N/A	717	N/A
12/31/2014	2,300	427	N/A	736	N/A
9/30/2014	2,266	308	N/A	774	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAZ's forecast earnings growth (20.7% per year) is above the savings rate (2.9%).

Earnings vs Market: LAZ's earnings (20.7% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: LAZ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LAZ's revenue (10.9% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: LAZ's revenue (10.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LAZ's Return on Equity is forecast to be very high in 3 years time (50.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/22 12:49
End of Day Share Price	2025/07/22 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lazard, Inc. is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
Michael Needham	BofA Global Research
James Mitchell	Buckingham Research Group Inc.

Lazard Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 17% to US$53.00

Consensus EPS estimates fall by 43%

Price target decreased by 10% to US$48.00

Price target decreased by 7.6% to US$54.00

Consensus EPS estimates increase by 22%

Price target increased by 7.9% to US$50.71

Recent updates

Investors Still Aren't Entirely Convinced By Lazard, Inc.'s (NYSE:LAZ) Revenues Despite 26% Price Jump

Price target increased by 17% to US$53.00

Lazard, Inc. to Report Q2, 2025 Results on Jul 24, 2025

Lazard Announces Executive Changes

Lazard: Lots Of Positives But Asset Management Is A Drag

Chief Operating Officer recently sold US$3.8m worth of stock

Investor sentiment improves as stock rises 16%

Lazard, Inc. (NYSE:LAZ) Stock Rockets 29% But Many Are Still Ignoring The Company

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Lazard, Inc. Declares Quarterly Dividend, Payable on May 16, 2025

Lazard, Inc. Appoints Hussain Altajir as CEO of Lazard Financial Advisory in UAE

Lazard, Inc. to Report Q1, 2025 Results on Apr 25, 2025

Consensus EPS estimates fall by 43%

Price target decreased by 10% to US$48.00

Lazard Asset Management Launches First Three Active ETFs in the U.S

Investor sentiment deteriorates as stock falls 18%

High number of new directors

Lazard, Inc., Annual General Meeting, May 08, 2025

CEO & Chairman notifies of intention to sell stock

Lazard, Inc. (NYSE:LAZ) Could Be Riskier Than It Looks

Lazard, Inc. Appoints Peter Harrison to Board of Directors

New major risk - Revenue and earnings growth

Lazard, Inc. Appoints Chris Miller as A Managing Director

Insider recently sold US$6.7m worth of stock

Insider notifies of intention to sell stock

Fourth quarter dividend of US$0.50 announced

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Lazard, Inc. Declares Quarterly Dividend, Payable on February 21, 2025

Now 20% undervalued

Price target decreased by 7.6% to US$54.00

Lazard, Inc. to Report Q4, 2024 Results on Jan 30, 2025

New major risk - Revenue and earnings growth

Lazard Announces Board and Directorate Changes, Effective January 1, 2025

Lazard, Inc. Appoints Jennifer Tedesko as Managing Director Within the Private Capital Advisory Business

Consensus EPS estimates increase by 22%

Lazard, Inc.'s (NYSE:LAZ) Shares Bounce 26% But Its Business Still Trails The Industry

Third quarter dividend of US$0.50 announced

Lazard: Aggressive Hiring Means Peer-Leading Growth

Third quarter 2024 earnings: EPS exceeds analyst expectations

Lazard, Inc. Declares Quarterly Dividend, Payable on November 15, 2024

Lazard, Inc. Appoints Fabien Antignac as Managing Director and Co-Head of European Debt Advisory and Capital Solutions on 4 November 2024

Lazard Appoints Will Thompson as Managing Director, Healthcare Services

Now 20% overvalued after recent price rise

Lazard, Inc. to Report Q3, 2024 Results on Oct 31, 2024

CEO & Director exercised options and sold US$3.1m worth of stock

Decisive Expansions And Innovative Asset Management Propel Future Revenue Growth

Executive Chairman notifies of intention to sell stock

Lazard, Inc. Hires Will Thompson as Managing Director in London

Lazard: Still Decent Value

Second quarter dividend of US$0.50 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.9% to US$50.71

Even With A 33% Surge, Cautious Investors Are Not Rewarding Lazard, Inc.'s (NYSE:LAZ) Performance Completely

Lazard, Inc. Declares Quarterly Dividend, Payable on August 16, 2024

Executive Chairman notifies of intention to sell stock

Lazard, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Lazard, Inc. Appoints Ali Syed as Managing Director and Head of Sovereign and Pension Fund Coverage

Executive Chairman notifies of intention to sell stock

Lazard, Inc. Appoints Ben Braun as Managing Director and Global Head of Media, Entertainment & Sports Advisory

Lazard: Liability Management Pickup, Markets Equilibrating

Lazard, Inc. Appoints Michele Colocci as Vice Chairman, Investment Banking and Managing Director, Healthcare, Effective June 3, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Lazard, Inc. Declares Quarterly Dividend, Payable on May 17, 2024

Lazard, Inc. (NYSE:LAZ) acquired 25% stake in Elaia Partners.

Now 20% undervalued after recent price drop

Lazard, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Lazard, Inc., Annual General Meeting, May 09, 2024

New minor risk - Shareholder dilution

Lazard: 5% Dividend Yield And Expected Growth Driven By Rebound In M&A And Equity Markets