Ameriprise Financial Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ameriprise Financial, Inc. (NYSE:AMP) will unveil its latest earnings on Wednesday, October 26, 2011. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.24 per share, a decline of 9.5% 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 $1.42. Between one and three months ago, the average estimate moved down. It also has dropped from $1.38 during the last month. Analysts are projecting profit to rise by 17% versus last year to $5.23.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of $1.31 per share against a mean estimate of profit of $1.33. The company topped expectations in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $2.51 billion in revenue this quarter, a rise of 3.3% from the year ago quarter. Analysts are forecasting total revenue of $10.47 billion for the year, a rise of 9.3% from last year’s revenue of $9.58 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit rose 19.3% to $309 million ($1.23 a share) from $259 million (98 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 1.4% to $2.63 billion from $2.6 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 12.6% in the first quarter and 18.1% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 15.8% in the first quarter from the year earlier, climbed 16.1% in the fourth quarter of the last fiscal year from the year-ago quarter and 26.4% 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 July 27, 2011 to October 20, 2011, the stock price had fallen $9.64 (-18.8%) from $51.34 to $41.70. 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. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 23.2% (-$12.52) over that span. Shares are down $15.21 (-26.7%) year to date.

(Source: Xignite Financials)

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