2 Brokerage Stocks Investors are Watching Before Earnings

E*TRADE Financial Corporation (NASDAQ:ETFC) will unveil its latest earnings on Wednesday, October 19, 2011. The average estimate of analysts is for profit of 18 cents per share, a rise of sixfold from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting net income of 67 cents per share versus net loss of 13 cents last year.

The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 4 cents in the first quarter, the company fell in line with expectations by reporting profit of 16 cents per share last quarter. On average, analysts predict $520.6 million in revenue this quarter, a rise of 54.3% from the year ago quarter. Analysts are forecasting total revenue of $2.08 billion for the year, a rise of 60% from last year’s revenue of $1.3 billion.

Competitors to Watch: TD Ameritrade Holding Corp. (NASDAQ:AMTD), The Charles Schwab Corp. (NYSE:SCHW), optionsXpress Hldgs., Inc. (NASDAQ:OXPS), Interactive Brokers Group, Inc. (NASDAQ:IBKR), Morgan Stanley (NYSE:MS), FXCM Inc (NYSE:FXCM), Gain Capital Holdings Inc (NYSE:GCAP), TradeStation Group, Inc. (NASDAQ:TRAD), SWS Group, Inc. (NYSE:SWS), and Raymond James Financial, Inc. (NYSE:RJF).

The Charles Schwab Corp (NYSE:SCHW) will unveil its latest earnings on Monday, October 17, 2011. The average estimate of analysts is for profit of 19 cents per share, a rise of 90% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 20 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 19 cents during the last month. Analysts are projecting profit to rise by 102.6% versus last year to 77 cents.

The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the first quarter, the company fell in line with expectations by reporting net income of 20 cents per share last quarter. Analysts are projecting a rise of 12.3% in revenue from the year-earlier quarter to $1.19 billion.

Competitors to Watch: TD Ameritrade Holding Corp. (NASDAQ:AMTD), The Charles Schwab Corp. (NYSE:SCHW), optionsXpress Hldgs., Inc. (NASDAQ:OXPS), Interactive Brokers Group, Inc. (NASDAQ:IBKR), Morgan Stanley (NYSE:MS), FXCM Inc (NYSE:FXCM), Gain Capital Holdings Inc (NYSE:GCAP), TradeStation Group, Inc. (NASDAQ:TRAD), SWS Group, Inc. (NYSE:SWS), and Raymond James Financial, Inc. (NYSE:RJF).

More from The Cheat Sheet