Ameriprise Financial, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ameriprise Financial, Inc. (NYSE:AMP) will unveil its latest earnings on Wednesday, July 27, 2011. Ameriprise Financial, Inc. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.34 per share, a rise of 21.8% 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 $1.36. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting profit of $5.61 per share, a rise of 25.5% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of $1.35 per share against a mean estimate of profit of $1.33 per share. In the fourth quarter of the last fiscal year, it missed forecasts by 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.7 billion in revenue this quarter, a rise of 4.7% from the year ago quarter. Analysts are forecasting total revenue of $11.14 billion for the year, a rise of 16.3% from last year’s revenue of $9.58 billion.

Analyst Ratings: Analysts are bullish on Ameriprise Financial as six analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 24.2%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 38.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 12.6% while it rose 18.1% in the fourth quarter of the last fiscal year and 32.3% in the third quarter of the last fiscal year.

Competitors to Watch: Financial Engines Inc (NASDAQ:FNGN), Oppenheimer Hldgs. Inc. (NYSE:OPY), Raymond James Financial, Inc. (NYSE:RJF), LPL Investment Hldgs. Inc. (NASDAQ:LPLA), Principal Financial Group, Inc. (NYSE:PFG), Stifel Financial Corp. (NYSE:SF), Prudential Financial, Inc. (NYSE:PRU), MetLife, Inc. (NYSE:MET), Bank of America Corp. (NYSE:BAC), JP Morgan (NYSE:JPM), Citigroup (NYSE:C), American International Group (NYSE:AIG) and TD Ameritrade Holding Corp. (NASDAQ:AMTD).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had fallen $5.34 (-8.8%) from $60.65 to $55.31. It saw one of its worst periods between April 28, 2011 and May 5, 2011 when shares fell for six-straight days, falling 3% (-$1.88) over that span. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven-straight days, rising 3.2% (+$1.89) over that span. Shares are down $1.85 (-3.2%) year to date.

(Source: Xignite Financials)

Don’t Miss: Here’s Why Ameriprise Financial is a Shareholder’s Dream Stock