Morgan Stanley: Here’s What Investors Need to Know Before Earnings
Morgan Stanley (NYSE:MS) will report earnings before markets open on Thursday, July 18th. Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.
Here is your Cheat Sheet to Morgan Stanley Earnings:
Earnings Expectations: Analysts expect earnings of $0.44 per share on revenues of $7.89 billion. Currently, the company’s P/E ratio stands at 48.95.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.52 to a profit $0.51. For the current year, the average estimate is a profit of $2.04, which is worse than the estimate ninety days ago.
Here’s how Morgan Stanley has been performing on an annual basis:
|Revenue ($) in millions||58,423||23,358||31,622||32,403||26,112|
|Diluted EPS ($)||1.45||-0.76||2.63||1.23||-0.06|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||6,953.00||5,289.00||8,535.00||8,158.00|
|Diluted EPS ($)||0.29||-0.55||0.25||0.49|
Morgan Stanley 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)