LPL Investment Holdings Third Quarter Earnings Coming Soon

LPL Investment Holdings (NASDAQ:LPLA) will unveil its latest earnings on Wednesday, October 26, 2011. LPL Investment provides brokerage and investment advisory services through business relationships with financial advisors, registered investment advisors, and financial institutions.

LPL Investment Holdings Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 44 cents per share, a rise of 10% 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 45 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 44 cents during the last month. For the year, analysts are projecting profit of $1.94 per share, a rise of 4.9% 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 50 cents per share versus a mean estimate of profit of 50 cents per share. In the first quarter, the company beat estimates by 5 cents.

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

A Look Back: In the second quarter, profit rose more than fivefold to $45.5 million (40 cents a share) from $8 million (0 cents a share) the year earlier, meeting analyst expectations. Revenue rose 13.8% to $894 million from $785.8 million.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 17.5%.

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), TD Ameritrade Holding Corp. (NASDAQ:AMTD), and optionsXpress Hldgs., Inc. (NASDAQ:OXPS).

Stock Price Performance: During July 27, 2011 to October 20, 2011, the stock price had fallen $6.67 (-19.9%) from $33.49 to $26.82. 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 $9.55 (-26.3%) year to date.

(Source: Xignite Financials)

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