Alliance Financial Corporation Second Quarter Earnings Sneak Peek

Alliance Financial Corporation (NASDAQ:ALNC) will unveil its latest earnings on Wednesday, July 13, 2011. Alliance Financial Corporation is a holding company for Alliance Bank, N.A., which offers full-service banking with a range of financial products to meet the needs of its commercial, retail, government, and investment management customers.

Alliance Financial Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 65 cents per share, a rise of 1.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 62 cents. For the year, analysts are projecting net income of $2.57 per share, a rise of 3.6% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 70 cents per share against a mean estimate of net income of 60 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 2 cents.

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Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 5.8% to $18.8 million in first quarter. The figure fell 7.5% in the fourth quarter of the last fiscal year from the year earlier, dropped 3.1% in third quarter of the last fiscal year from the year-ago quarter and 2% in the second quarter of the last fiscal year.

The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 20.3% to $3.3 million. In the fourth quarter of the last fiscal year, net income fell 20.1%.

Competitors to Watch: Emclaire Financial Corp (NASDAQ:EMCF), Somerset Hills Bancorp (NASDAQ:SOMH), BCB Bancorp, Inc. (NASDAQ:BCBP), Bancorp Rhode Island, Inc. (NASDAQ:BARI), First Niagara Financial Group Inc. (NASDAQ:FNFG), New York Community Bancorp, Inc. (NYSE:NYB), Community Bank System, Inc. (NYSE:CBU), Capital One Financial Corp. (NYSE:COF), Oneida Financial Corp. (NASDAQ:ONFC), Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF), Wells Fargo & Company (NYSE:WFC), Bank of America (NYSE:BAC) and Wilshire Bancorp, Inc. (NASDAQ:WIBC).

Stock Price Performance: During June 7, 2011 to July 6, 2011, the stock price has risen $2.91 (10.2%) from $28.41 on June 7, 2011 to $31.32 on July 6, 2011. The stock price saw one of its best stretches over the last year between December 1, 2010, and December 10, 2010, when shares rose for eight-straight days, rising 9.1% (+$2.65) over that span. It saw one of its worst periods between May 19, 2011, and May 24, 2011, when shares fell for four-straight days, falling 5.8% (-$1.72) over that span. Shares are down 40 cents (-1.3%) year to date.

(Source: Xignite Financials)

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