Invesco Ltd. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Invesco Ltd. (NYSE:IVZ) will unveil its latest earnings on Monday, October 24, 2011. Invesco is a global investment management company providing retail, institutional and high-net-worth clients around the world with innovative solutions.

Invesco Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 41 cents per share, a rise of 5.1% 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 46 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 43 cents during the last month. Analysts are projecting profit to rise by 21% versus last year to $1.67.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 44 cents per share against a mean estimate of profit of 43 cents per share. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $1.06 billion in revenue this quarter, a rise of 42.7% from the year ago quarter. Analysts are forecasting total revenue of $4.2 billion for the year, a rise of 17% from last year’s revenue of $3.59 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose more than fourfold to $183 million (39 cents a share) from $40.8 million (9 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 36% to $1.07 billion from $787 million.

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 37.8%, with the biggest boost coming in the first quarter when revenue rose 42.9% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 86.8% in the first quarter and 58% in the fourth quarter of the last fiscal year.

Competitors to Watch: BlackRock, Inc. (NYSE:BLK), Affiliated Managers Group, Inc. (NYSE:AMG), Eaton Vance Corp. (NYSE:EV), AllianceBernstein Holding LP (NYSE:AB), Gamco Investors Inc. (NYSE:GBL), Cohen & Steers, Inc. (NYSE:CNS), The Blackstone Group L.P. (NYSE:BX), Morgan Stanley (NYSE:MS), Fortress Investment Group LLC (NYSE:FIG), and T. Rowe Price Group, Inc. (NASDAQ:TROW).

Stock Price Performance: During July 25, 2011 to October 18, 2011, the stock price had fallen $4.02 (-17.9%) from $22.43 to $18.41. The stock price saw one of its best stretches over the last year between February 9, 2011 and February 18, 2011 when shares rose for eight-straight days, rising 9.4% (+$2.32) over that span. It saw one of its worst periods between September 16, 2011 and September 23, 2011 when shares fell for six-straight days, falling 15.5% (-$2.89) over that span. Shares are down $5.27 (-22.3%) year to date.

(Source: Xignite Financials)

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