Legg Mason Earnings: What Investors Should Watch
Legg Mason (NYSE:LM) will report earnings before markets open on Thursday, July 25th. Legg Mason, Inc. is a global asset management company. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.
Here is your Cheat Sheet to Legg Mason Earnings:
Earnings Expectations: Analysts expect earnings of $0.36 per share on revenues of $655.08 million.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.55 to a profit $0.56. For the current year, the average estimate is a profit of $2, which is worse than the estimate ninety days ago.
Here’s how Legg Mason has been performing on an annual basis:
|Revenue ($) in millions||3,357||2,635||2,784||2,663||2,613|
|Diluted EPS ($)||-13.85||1.32||1.63||1.54||-2.65|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||630.69||640.29||673.90||667.76|
|Diluted EPS ($)||-0.07||0.60||-3.45||0.23|
Legg Mason has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)