Janus Capital Group Inc. Earnings Cheat Sheet: Double-Digit Growth Again

S&P 500 (NYSE:SPY) component Janus Capital Group Inc. (NYSE:JNS) reported its results for the second quarter. Janus Capital Group, Inc. offers investment management, administration, distribution and related services to individual and institutional investors.

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

Janus Capital Group Earnings Cheat Sheet for the Second Quarter

Results: Net income for the asset management company rose to $41.9 million (23 cents per share) vs. $30.2 million (17 cents per share) in the same quarter a year earlier. This marks a rise of 38.7% from the year earlier quarter.

Revenue: Rose 4.3% to $264 million from the year earlier quarter.

Actual vs. Wall St. Expectations: JNS fell in line with the mean analyst estimate of 23 cents per share. Analysts were expecting revenue of $267.2 million.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 21.1% and in the fourth quarter of the last fiscal year, the figure rose 78.1%.

Revenue has risen the past four quarters. Revenue increased 3.7% to $257 million in the first quarter. The figure rose 17.9% in the fourth quarter of the last fiscal year from the year earlier and climbed 4.5% in the third quarter of the last fiscal year from the year-ago quarter.

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the first quarter, it topped the mark by 4 cents, and in the fourth quarter of the last fiscal year, it was ahead by 3 cents.

Competitors to Watch: Waddell & Reed Financial, Inc. (NYSE:WDR), T. Rowe Price Group, Inc. (NASDAQ:TROW), Virtus Investment Partners, Inc. (NASDAQ:VRTS), U.S. Global Investors, Inc. (NASDAQ:GROW), Cohen & Steers, Inc. (NYSE:CNS), Franklin Resources, Inc. (NYSE:BEN), Federated Investors, Inc. (NYSE:FII), Calamos Asset Management, Inc (NASDAQ:CLMS), Invesco Ltd. (NYSE:IVZ), and Eaton Vance Corp. (NYSE:EV).

Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!

(Source: Xignite Financials)