Morgan Stanley Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Morgan Stanley (NYSE:MS) will unveil its latest earnings on Wednesday, October 19, 2011. Morgan Stanley provides financial products and services to a group of clients and customers, including corporations, governments, financial institutions, and individuals.

Morgan Stanley Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 36 cents per share, a rise of more than sevenfold 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 48 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 61.9% versus last year to 93 cents.

Past Earnings Performance: Last quarter, the company reported net loss of 38 cents per share versus a mean estimate of a loss of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.5% in revenue from the year-earlier quarter to $7.56 billion.

Analyst Ratings: 11 out of 21 analysts surveyed (52.4%) have a buy rating on Morgan Stanley.. This is below the mean analyst rating of 10 competitors, which average 60.2% buy ratings.

A Look Back: In the second quarter, profit fell 39.1% to $1.19 billion (-38 cents a share) from $1.96 billion ($1.09 a share) the year earlier, but exceeded analyst expectations. Revenue rose 18.4% to $11.31 billion from $9.55 billion.

Key Stats:

The company has seen net income fall in each of the last two quarters. Net income dropped 45.5% in the first quarter.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 9.2%.

Competitors to Watch: Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Deutsche Bank AG (NYSE:DB), UBS AG (NYSE:UBS), Mitsubishi UFJ Financial Group Inc (NYSE:MTU), Piper Jaffray Companies (NYSE:PJC), Jefferies Group, Inc. (NYSE:JEF), and General Electric Company (NYSE:GE).

Stock Price Performance: During July 20, 2011 to October 13, 2011, the stock price had fallen $6.53 (-30.1%) from $21.67 to $15.14. The stock price saw one of its best stretches over the last year between December 16, 2010 and December 28, 2010 when shares rose for eight-straight days, rising 6.3% (+$1.64) over that span. It saw one of its worst periods between October 18, 2010 and October 26, 2010 when shares fell for seven-straight days, falling 4.8% (-$1.20) over that span. Shares are down $11.91 (-44%) year to date.

(Source: Xignite Financials)

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