Cowen Group: Here’s What Investors Need to Know Before Earnings

Cowen Group (NASDAQ:COWN) will report earnings before markets open on Friday, May 3rd. Cowen Group, Inc. is an investment banking firm. The firm provides research, sales, and trading and investment banking services to companies and institutional clients in the healthcare, technology, media and telecommunications industries.

Here is your Cheat Sheet to Cowen Group Earnings:

Earnings Expectations: Analysts expect earnings of $-0.02 per share on revenues of $76.10 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.09 to a profit $0.02. For the current year, the average estimate is a profit of $0.09, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Cowen Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 127.73 123.90 233.81 235.28 240.48
Diluted EPS ($) -3.78 -1.35 -0.62 -1.13 -0.21

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 50.40 57.48 59.47 57.60 65.93
Diluted EPS ($) -0.6961 0.03 -0.07 -0.09 -0.0821

Past Performance:
Cowen Group has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]