AllianceBernstein Holding LP Third Quarter Earnings on Deck

AllianceBernstein Holding LP (NYSE:AB) will unveil its latest earnings on Wednesday, October 26, 2011. AllianceBernstein Holding 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 27 cents per share, a decline of 25% 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 39 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 33 cents during the last month. For the year, analysts are projecting net income of $1.29 per share, a decline of 19.9% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the second quarter, it reported profit of 35 cents per share versus a mean estimate of 40 cents. Two quarters ago, it reported net income of 41 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $668.3 million in revenue this quarter, a decline of 11.8% from the year ago quarter. Analysts are forecasting total revenue of $2.81 billion for the year, a decline of 4.7% from last year’s revenue of $2.95 billion.

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

A Look Back: In the second quarter, profit rose 11.8% to $35.5 million (34 cents a share) from $31.8 million (31 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 9.8% to $42.7 million from $38.9 million.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 5.8% in the first quarter, 25.2% in the fourth quarter of the last fiscal year and 72.5% in the third quarter of the last fiscal year.

The increase in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit decreases. Net income dropped 7.5% in the first quarter, 28.1% in the fourth quarter of the last fiscal year and 80.5% in the third quarter of the last fiscal year.

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), 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 July 27, 2011 to October 20, 2011, the stock price had fallen $3.21 (-18.4%) from $17.45 to $14.24. The stock price saw one of its best stretches over the last year between August 16, 2011 and August 24, 2011 when shares rose for seven-straight days, rising 7.1% (+$1.01) 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% (-$2.49) over that span. Shares are down $7.77 (-35.3%) year to date.

(Source: Xignite Financials)

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