LPL Investment Holdings Second Quarter Earnings Sneak Peek

LPL Investment Holdings (NASDAQ:LPLA) will unveil its latest earnings on Wednesday, July 27, 2011. LPL Investment Holdings Inc. provides brokerage & investment advisory services through business relationships with financial advisors, financial advisors employed by financial institutions, registered investment advisors & financial institutions. Citigroup Inc. Earnings Cheat Sheet: Profit Up>>

LPL Investment Holdings Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 50 cents per share, a rise of 16.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 48 cents. Between one and three months ago, the average estimate moved up, and has risen from 49 cents during the last month. For the year, analysts are projecting profit of $1.97 per share, a rise of 6.5% from last year.

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Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 52 cents per share, and the previous quarter, it had profit of 44 cents.

Analyst Ratings: Analysts seem relatively indifferent about LPL Investment Holdings with eight of 11 analysts surveyed maintaining a hold rating.

Competitors to Watch: Raymond James Financial, Inc. (NYSE:RJF), Morgan Stanley (NYSE:MS), Ameriprise Financial, Inc. (NYSE:AMP), The Charles Schwab Corp. (NYSE:SCHW), Morningstar, Inc. (NASDAQ:MORN), Financial Engines Inc (NASDAQ:FNGN), FXCM Inc (NYSE:FXCM), The Bank of New York Mellon Corp. (NYSE:BK), Bank of America (NYSE:BAC), Citigroup (NYSE:C), JP Morgan (NYSE:JPM), TD Ameritrade Holding Corp. (NASDAQ:AMTD), and optionsXpress Hldgs., Inc. (NASDAQ:OXPS).

Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had fallen $1.78 (-5.1%) from $34.89 to $33.11. The stock price saw one of its best stretches over the last year between December 17, 2010 and December 31, 2010 when shares rose for 10-straight days, rising 9.3% (+$3.10) over that span. It saw one of its worst periods between June 7, 2011 and June 15, 2011 when shares fell for seven-straight days, falling 6.7% (-$2.42) over that span. Shares are down $3.26 (-9%) year to date.

(Source: Xignite Financials)

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