E*TRADE Financial Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component E*TRADE Financial Corporation (NASDAQ:ETFC) will unveil its latest earnings on Thursday, April 19, 2012. E*TRADE Financial provides online brokerage and related products and services primarily to individual retail investors.

E*TRADE Financial Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 9 cents per share, a decline of 43.8% 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 14 cents. Between one and three months ago, the average estimate moved down. It has risen from 8 cents during the last month. For the year, analysts are projecting net income of 51 cents per share, a decline of 5.6% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 5 cents, coming in at net loss of 2 cents per share against a mean estimate of profit of 20 cents. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts predict a decline of 15.2% in revenue from the year-earlier quarter to $455.1 million.

Analyst Ratings: Analysts seem relatively indifferent about E*TRADE with nine of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss narrowed to a loss of $6.3 million (2 cents a share) from a loss of $24.1 million (11 cents) a year earlier, but missed analyst expectations. Revenue fell 8.2% to $555 million from $604.5 million.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 2.6% in the the third quarter of the last fiscal year after dropping in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 15, 2012 and April 13, 2012, the stock price had risen 89 cents (9.7%), from $9.17 to $10.06. The stock price saw one of its best stretches over the last year between March 12, 2012 and March 19, 2012, when shares rose for six straight days, increasing 17.1% (+$1.64) over that span. It saw one of its worst periods between November 8, 2011 and November 17, 2011 when shares fell for eight straight days, dropping 24.5% (-$2.66) over that span.

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

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