Janus Capital Group, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Janus Capital Group, Inc. (NYSE:JNS) will unveil its latest earnings on Thursday, October 20, 2011. Janus Capital Group offers investment management, administration, distribution and related services to individual and institutional investors.

Janus Capital Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 18 cents per share, no change 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 23 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 20 cents during the last month. For the year, analysts are projecting profit of 78 cents per share, a rise of 2.6% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported net income of 23 cents per share versus a mean estimate of profit of 23 cents per share. In the first quarter, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: On average, analysts predict $243.8 million in revenue this quarter, a decline of 0% from the year ago quarter. Analysts are forecasting total revenue of $996.1 million for the year, a decline of 2.3% from last year’s revenue of $1.02 billion.

Analyst Ratings: Analysts are bullish on Janus Capital Group as five analysts rate it as a buy, three rate it as a sell and six rate it as a hold.

A Look Back: In the second quarter, profit rose 38.7% to $41.9 million (23 cents a share) from $30.2 million (17 cents a share) the year earlier, meeting analyst expectations. Revenue rose 4% to $263.1 million from $253 million.

Key Stats:

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

Revenue has risen the past four quarters. Revenue rose 3.7% in the first quarter from the year earlier, climbed 17.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 4.5% in the third quarter of the last fiscal year.

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).

Stock Price Performance: During July 21, 2011 to October 14, 2011, the stock price had fallen $2.65 (-28.9%) from $9.17 to $6.52. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 5, 2010 when shares rose for seven-straight days, rising 16.9% (+$1.75) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 15.1% (-$1.06) over that span. Shares are down $6.32 (-49.2%) year to date.

(Source: Xignite Financials)

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