Raymond James Financial Earnings: Here’s Why Investors Don’t Like These Results

Raymond James Financial Inc. (NYSE:RJF) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.58%.

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Raymond James Financial Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.25% to $0.68 in the quarter versus EPS of $0.64 in the year-earlier quarter.

Revenue: Rose 28.45% to $1.14 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Raymond James Financial Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company missed the mean analyst estimate of $0.79. It beat the average revenue estimate of $1.14 billion.

Quoting Management: Lisa Detanna, team leader of the group states, “We are so very proud of our Courtney!” In addition to helping raise her extended family and working as lead administrative member of Wealth Advisory Group at Raymond James, Courtney still finds time to train and run over 35 miles a week like clockwork – with total dedication to her craft. “Courtney is truly amazing,” claims Detanna “and when focused on something, always achieves great things.”

Key Stats (on next page)…

Revenue increased 0.48% from $1.14 billion in the previous quarter. EPS decreased 1.45% from $0.69 in the previous quarter.

Looking Forward: 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 $0.8 to a profit $0.79. For the current year, the average estimate has moved up from a profit of $3.08 to a profit of $3.11 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)