JPMorgan Chase & Co. Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component JPMorgan Chase & Co. (NYSE:JPM) will unveil its latest earnings this Friday, January 13th, 2012. J.P. Morgan Chase is a global securities, investment banking and retail banking firm with operations worldwide.

JPMorgan Chase & Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 94 cents per share, a decline of 16.1% 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 $1.11. Between one and three months ago, the average estimate moved down. It also has dropped from 97 cents during the last month. Analysts are projecting profit to rise by 14.1% versus last year to $4.52.

Past Earnings Performance: Last quarter, the company beat estimates by 9 cents, coming in at net income of $1.02 a share versus the estimate of profit of 93 cents a share. It marked the fourth straight quarter of beating estimates.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $23.44 billion in revenue this quarter, a decline of 12.3% from the year ago quarter. Analysts are forecasting total revenue of $100.15 billion for the year, a decline of 4.5% from last year’s revenue of $104.84 billion.

Analyst Ratings: Analysts are bullish on this stock with 22 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit fell 3.5% to $4.26 billion ($1.02 a share) from $4.42 billion ($1.01 a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.7% to $27.11 billion from $26.93 billion.

Key Stats:

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 13.3% in the second quarter, 67% in the first quarter and 47.4% in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 8.7%.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Group, Inc. (NYSE:GS), Deutsche Bank AG (NYSE:DB), Morgan Stanley (NYSE:MS), U.S. Bancorp (NYSE:USB), SunTrust Banks, Inc. (NYSE:STI), UBS AG (NYSE:UBS), and KeyCorp (NYSE:KEY).

Stock Price Performance: During December 8, 2011 to January 11, 2012, the stock price had risen $4.61 (14.4%) from $31.99 to $36.60. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven-straight days, rising 2.1% (+95 cents) 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 13.4% (-$4.47) over that span.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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