The stock may react negatively to the EPS miss despite revenue growth and strong AUM increase. Monitor guidance on future compensation and tax rates, as the higher tax rate (27.4% vs 24.9%) and increased employee costs could pressure margins. The return to normal operating expenses post-rights offering is positive, but the miss suggests underlying cost pressures.
Price Chart
Executive Summary
Cohen & Steers reported Q1 2026 earnings with GAAP diluted EPS of $0.82, matching the prior quarter's adjusted EPS of $0.81 but missing consensus by 1.2%. Revenue rose 1.3% to $145.6M, driven by higher average AUM. AUM increased 2.9% to $93.1B due to market appreciation and net inflows. The miss was due to higher employee compensation and a higher tax rate, offsetting lower distribution costs from the prior quarter's rights offering.
Key Financial Metrics
Key Facts
- GAAP diluted EPS: $0.82 (missed consensus of $0.82 by 1.2%)
- Revenue: $145.6M (+1.3% QoQ)
- Operating margin: 34.4% (up from 28.0% in Q4)
- AUM: $93.1B (+2.9% QoQ)
- Net inflows: $497M
- As-adjusted EPS: $0.79 (down from $0.81 in Q4)
Financial Impact
EPS miss of 1.2% on $145.6M revenue beat, AUM up 2.9% to $93.1B
Risk Factors
- Higher effective tax rate (27.4% vs 24.9% in Q4) could persist
- Increased employee compensation costs may pressure margins
- As-adjusted EPS declined QoQ, indicating underlying profitability pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001284812-26-000035 |
| Document: cns-20260416.htm | 0001284812-26-000035 |
| Document: cns-earningsannouncement33.htm | 0001284812-26-000035 |
| Document: 0001284812-26-000035-index-headers.html | 0001284812-26-000035 |
| Document: 0001284812-26-000035-index.html | 0001284812-26-000035 |
| Document: 0001284812-26-000035.txt | 0001284812-26-000035 |
| 8-K Data (Synthetic) | 0001284812-26-000035 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $69.63 $71.00 | ▲ +1.97% | ▲ +2.40% | $71.64 (+2.89%) |
Oct 15, 2026 11d ago | Press Release | $69.63 $71.00 | ▲ +1.97% | ▲ +2.40% | $71.64 (+2.89%) |
Aug 17, 2026 10w ago | Press Release | $83.34 $83.16 | ▼ −0.22% | ▲ +0.97% | $71.64 (−14.04%) |
Jul 16, 2026 14w ago | Press Release | $84.65 $79.98 | ▼ −5.52% | ▼ −4.83% | $71.64 (−15.37%) |
Jul 8, 2026 15w ago | Press Release | $76.90 $81.07 | ▲ +5.42% | ▲ +5.55% | $71.64 (−6.84%) |
Jun 11, 2026 19w ago | Institutional Cluster | $76.02 $74.35 | ▼ −2.20% | ▼ −2.63% | $71.64 (−5.76%) |
May 21, 2026 22w ago | 8-K | $71.84 $70.54 | ▼ −1.81% | ▼ −3.47% | $71.64 (−0.28%) |
Apr 20, 2026 27w ago | DEFA14A | $67.62 $68.15 | ▲ +0.78% | ▼ −0.13% | $71.64 (+5.94%) |
Apr 16, 2026 27w ago | 8-K | $66.06 $67.71 | ▲ +2.50% | ▲ +1.95% | $71.64 (+8.45%) |
US Market Status
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