AllianceBernstein Holding LP Third Quarter Earnings Sneak Peek

AllianceBernstein Holding LP (NYSE:AB) will unveil its latest earnings on Wednesday, October 24, 2012. 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 analyst estimate is for net income of 27 cents per share, a decline of 10% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 26 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 7.9% versus last year to $1.05.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 24 cents per share against a mean estimate of net income of 23 cents, and the quarter before, the company exceeded forecasts by 5 cents with profit of 29 cents versus a mean estimate of net income of 24 cents.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

Stock Price Performance: Between July 25, 2012 and October 18, 2012, the stock price rose $4.74 (40%), from $11.86 to $16.60. The stock price saw one of its best stretches over the last year between October 10, 2012 and October 18, 2012, when shares rose for seven straight days, increasing 6.4% (+$1.00) over that span. It saw one of its worst periods between May 29, 2012 and June 12, 2012 when shares fell for 11 straight days, dropping 12.3% (-$1.66) over that span.

A Look Back: In the second quarter, profit fell 39.9% to $21.3 million (21 cents a share) from $35.5 million (34 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 35% to $27.8 million from $42.7 million.

Wall St. Revenue Expectations: Analysts are projecting a decline of 6.6% in revenue from the year-earlier quarter to $660.8 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell more than fivefold in the fourth quarter of the last fiscal year and 35.9% in first quarter before falling again in the second quarter.

Analyst Ratings: With two analysts rating the stock a sell, one rating it as a buy and three rating it as a hold, there are indications of a bearish outlook.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Is Starbucks a Buy?

Bank of America’s Stock After Earnings: Buy, Wait, Or Stay Away?

Are Netflix Shares a Buy After This Strategic Move?