Janus Capital Group Earnings: Investors Focus on Profit Decline

Janus Capital Group Inc. (NYSE:JNS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.53%.

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Janus Capital Group Inc. Earnings Cheat Sheet

Results: Net income decreased -12.61% to $31.2 million (17 cents per diluted share) in the quarter versus a net gain of $35.7 million in the year-earlier quarter.

Revenue: Rose 0.46% to $216.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Janus Capital Group Inc. reported adjusted net income of 17 cents per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $213.43 million.

Key Stats:

Revenue increased 0.09% from $216.4 million in the previous quarter. Net income increased 24.3% from $25.1 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.14 and has not changed. For the current year, the average estimate has moved down from a profit of $0.54 to a profit of $0.53 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)