3 Financial Stocks Climbing Upward With Earnings on Deck

NASDAQ OMX Group (NASDAQ:NDAQ) will unveil its latest earnings on Wednesday, April 25, 2012. The average analyst estimate is for net income of 63 cents per share, a rise of 3.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 68 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 64 cents during the last month. Analysts are projecting profit to rise by 7.1% versus last year to $2.71.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 62 cents per share versus a mean estimate of 61 cents. Two quarters ago, it reported net income of 67 cents per share. On average, analysts predict $416.9 million in revenue this quarter, a rise of 0.5% from the year-ago quarter. Analysts are forecasting total revenue of $1.72 billion for the year, a rise of 1.8% from last year’s revenue of $1.69 billion.

Hudson City Bancorp, Inc. (NASDAQ:HCBK) will unveil its latest earnings on Wednesday, April 25, 2012. The average estimate of analysts is for net income of 15 cents per share, up from net loss of $1.13 in the year-earlier quarter. During the past three months, the average estimate has moved down from 17 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 15 cents during the last month. For the year, analysts are projecting profit of 57 cents per share, a spike from a loss of $1.49 last year.

The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net loss of 73 cents per share against a mean estimate of a loss of 74 cents per share. In the third quarter of the last fiscal year, it missed forecasts by one cent. Analysts predict a decline of 10.3% in revenue from the year-earlier quarter to $230 million.

Equity Residential (NYSE:EQR) will unveil its latest earnings on Wednesday, April 25, 2012. The average estimate of analysts is for profit of 62 cents per share, a rise of 10.7% 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 65 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 62 cents during the last month. Analysts are projecting profit to rise by 12.8% versus last year to $2.74.

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 third quarter of the last fiscal year, the company fell in line with expectations by reporting net income of 65 cents per share last quarter. Analysts are projecting a rise of 1.6% in revenue from the year-earlier quarter to $527 million.