Janus Capital Group Third Quarter Earnings Sneak Peek

Janus Capital Group Inc. (NYSE:JNS) will unveil its latest earnings on Thursday, October 25, 2012. 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 profit of 14 cents per share, a decline of 6.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 13 cents during the last month. For the year, analysts are projecting net income of 54 cents per share, a decline of 33.3% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 13 cents per share against an estimate of net income of 14 cents per share. The quarter before that, it missed expectations by one cent.

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A Look Back: In the second quarter, profit fell 44.2% to $23.4 million (13 cents a share) from $41.9 million (23 cents a share) the year earlier, missing analyst expectations. Revenue fell 23.9% to $200.3 million from $263.1 million.

Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price rose $1.76 (25.9%), from $6.80 to $8.56. The stock price saw one of its best stretches over the last year between January 17, 2012 and January 27, 2012, when shares rose for nine straight days, increasing 18.2% (+$1.25) over that span. It saw one of its worst periods between April 26, 2012 and May 4, 2012 when shares fell for seven straight days, dropping 7% (-54 cents) over that span.

Wall St. Revenue Expectations: Analysts are projecting a decline of 12.8% in revenue from the year-earlier quarter to $206.5 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 12.3% in the third quarter of the last fiscal year, 27.1% in fourth quarter of the last fiscal year and 15.5% in the first quarter and then fell again in the second quarter.

Heading into this earnings announcement, net income has dropped 36.5% on average for the last four quarters.

Analyst Ratings: There are mostly holds on the stock with seven of 11 analysts surveyed giving that rating.

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

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