Stifel Financial Corp. Second Quarter Earnings Sneak Peek

Stifel Financial Corp. (NYSE:SF) will unveil its latest earnings on Monday, August 8, 2011. Stifel Financial Corp. through its wholly-owned subsidiaries is mainly engaged in retail brokerage, securities trading, investment banking, investment advisory, retail, consumer and commercial banking and related financial services.

Stifel Financial Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 55 cents per share, a rise of 19.6% 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 72 cents. Between one and three months ago, the average estimate moved down and dropped from 59 cents during the last month. For the year, analysts are projecting net income of $2.45 per share, a rise of 13.4% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 52 cents per share versus a mean estimate of net income of 61 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 17 cents.

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Wall St. Revenue Expectations: On average, analysts predict $379.7 million in revenue this quarter, a rise of 15.8% from the year ago quarter. Analysts are forecasting total revenue of $1.54 billion for the year, a rise of 11.6% from last year’s revenue of $1.38 billion.

Analyst Ratings: Analysts are bullish on Stifel as three analysts rate it as a buy, none rate it as a sell and three rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 21.7%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 25.7% from the year earlier quarter.

Competitors to Watch: Oppenheimer Hldgs. Inc. (NYSE:OPY), Raymond James Financial, Inc. (NYSE:RJF), Siebert Financial Corp. (NASDAQ:SIEB), Ladenburg Thalmann Financial Services (AMEX:LTS), National Holdings Corp. (NHLD), Rodman & Renshaw Capital Group Inc. (NASDAQ:RODM), Morgan Stanley (NYSE:MS), TD Ameritrade Holding Corp. (NASDAQ:AMTD), Goldman Sachs Group, Inc. (NYSE:GS), and Knight Capital Group Inc. (NYSE:KCG).

Stock Price Performance: During May 6, 2011 to August 2, 2011, the stock price had fallen $6.62 (-15.3%) from $43.22 to $36.60. The stock price saw one of its best stretches over the last year between February 9, 2011 and February 18, 2011 when shares rose for eight-straight days, rising 13.5% (+$8.79) over that span. It saw one of its worst periods between April 26, 2011 and May 11, 2011 when shares fell for 12-straight days, falling 10.6% (-$4.92) over that span. Shares are down $25.44 (-41%) year to date.

(Source: Xignite Financials)

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