Janus Capital Group Inc. Earnings: Revenue Ticks Lower

S&P 500 (NYSE:SPY) component Janus Capital Group Inc. (NYSE:JNS) saw profit fall amid falling revenue. Janus Capital Group offers investment management, administration, distribution and related services to individual and institutional investors.

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Janus Capital Group Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Janus Capital Group Inc. fell to $35.7 million (19 cents per share) vs. $65.9 million (36 cents per share) a year earlier. This is a decline of 45.8% from the year earlier quarter.

Revenue: Fell 27.1% to $215.6 million from the year earlier quarter.

Actual vs. Wall St. Expectations: JNS beat the mean analyst estimate of 15 cents per share. Analysts were expecting revenue of $211.6 million.

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the third quarter, net income fell 15.7% from the year earlier quarter.

The company topped expectations last quarter after falling short of forecasts in the third quarter with net income of 15 cents versus a mean estimate of net income of 17 cents per share.

Revenue has fallen in the past two quarters. In the third quarter, revenue declined 12.3% to $214.9 million from the year earlier quarter.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from 13 cents a share to 14 cents over the last ninety days. The average estimate for the fiscal year has seen a bump from 74 cents per share sixty days ago to 75 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).

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

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

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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