Cohen & Steers (CNS) Faces A 10% Fair Value Gap On Mixed Q3 Results

Cohen & Steers (CNS) has investors parsing a mixed third quarter, with double digit revenue growth above market expectations paired with a slight earnings per share shortfall against analyst forecasts. The Q3 update landed after a choppy spell for Cohen & Steers, with the share price up 3.90% on the day to US$68.98 but still down 4.64% over 30 days and 18.51% over 90 days. This suggests recent momentum has been fading, even though the year-to-date share price return of 8.51% and 1-year total...