AllianceBernstein Holding LP Quarterly Earnings Sneak Peek

AllianceBernstein Holding LP (NASDAQ:AB) will unveil its latest earnings on Friday, July 29, 2011. AllianceBernstein Holding L.P. provides research, investment management and related services globally to a range of clients.

AllianceBernstein Holding LP Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 40 cents per share, a rise of 8.1% 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 42 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 40 cents during the last month. For the year, analysts are projecting net income of $1.61 per share, no change from last year.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting profit of 41 cents per share in first quarter to fall in line with expectations, the company beat estimates by 2 cents in the fourth quarter of the last fiscal year.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $749.2 million in revenue this quarter, a rise of 8.8% from the year ago quarter. Analysts are forecasting total revenue of $2.99 billion for the year, a rise of 1.4% from last year’s revenue of $2.95 billion.

Analyst Ratings: Analysts seem relatively indifferent about AllianceBernstein with five of nine analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 5.8% to $51.1 million in first quarter. The figure fell 25.2% in the fourth quarter of the last fiscal year from the year earlier, dropped 72.5% in third quarter of the last fiscal year from the year-ago quarter and 11.7% in the second quarter of the last fiscal year.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 33.3% over the past four quarters. The quarter hit the hardest was the third quarter of the last fiscal year, that saw an 80.5% drop.

Competitors to Watch: UBS AG (NYSE:UBS), Legg Mason, Inc. (NYSE:LM), Westwood Hldgs. Group, Inc. (NYSE:WHG), Artio Global Investors Inc. (NYSE:ART), Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), Epoch Holding Corp (NASDAQ:EPHC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Sanders Morris Harris Group (NASDAQ:SMHG), Gamco Investors Inc. (NYSE:GBL), Pzena Investment Management, Inc. (NYSE:PZN), and Franklin Resources, Inc. (NYSE:BEN).

Stock Price Performance: During April 28, 2011 to July 25, 2011, the stock price had fallen $3.03 (-14%) from $21.67 to $18.64. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 25, 2011 when shares rose for six-straight days, rising 3.8% (+69 cents) over that span. It saw one of its worst periods between March 4, 2011 and March 16, 2011 when shares fell for nine-straight days, falling 11% (-$2.54) over that span. Shares are down $3.83 (-17%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>