Ameriprise Financial Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ameriprise Financial (NYSE:AMP)¬†will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Ameriprise Financial provides financial planning, products, and services through its subsidiaries. The company offers solutions for its clients’ cash and liquidity, asset accumulation, income protection, and estate and wealth transfer needs.

Ameriprise Financial Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.48 per share, a rise of 11.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.55. Between one and three months ago, the average estimate moved down. It also has dropped from $1.51 during the last month. For the year, analysts are projecting profit of $5.37 per share, a rise of 7.4% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of $1.32 per share against a mean estimate of profit of $1.29 per share. In the second quarter, it missed forecasts by 20 cents.

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A Look Back: In the third quarter, profit fell 36.6% to $173 million (79 cents a share) from $273 million ($1.13 a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.5% to $2.48 billion from $2.47 billion.

Here’s how Ameriprise Financial traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Stock Price Performance: Between October 26, 2012 and January 24, 2013, the stock price rose $7.58 (12.8%), from $59.30 to $66.88. The stock price saw one of its best stretches over the last year between November 14, 2012 and November 23, 2012, when shares rose for seven straight days, increasing 5.9% (+$3.42) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 7.7% in revenue from the year-earlier quarter to $2.65 billion.

Key Stats:

On the top line, the company is looking to build on last quarter’s revenue increase, which snapped a string of revenue drops. Revenue fell 1.1% in the fourth quarter of the last fiscal year, 3.5% in the first quarter and 4.2% in the second quarter before climbing in the third quarter.

An income boost this time around would be welcome news after profit declines in the past two quarters. Net income dropped 27.8% in the second quarter and then again in the third quarter.

Analyst Ratings: With six analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

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