Stifel Financial First Quarter Earnings Sneak Peek

Stifel Financial Corp. (NYSE:SF) will unveil its latest earnings on Wednesday, May 9, 2012. Stifel Financial, through its wholly-owned subsidiaries, is primarily engaged in financial services such as retail brokerage, securities trading, investment banking, investment advisory, retail, and consumer and commercial banking.

Stifel Financial Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 53 cents per share, a rise of 1.9% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 52 cents during the last month. Analysts are projecting profit to rise by 33.9% compared to last year’s $2.41.

Past Earnings Performance: Last quarter, the company showed net income of 43 cents per share in the fourth quarter of the last fiscal year to fall in line with expectations, the company beat estimates by 6 cents in the third quarter of the last fiscal year. This comes after the company failed to meet analysts’ expectations in the previous two.

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Wall St. Revenue Expectations: On average, analysts predict $381.1 million in revenue this quarter, a rise of 4% from the year-ago quarter. Analysts are forecasting total revenue of $1.59 billion for the year, a rise of 12% from last year’s revenue of $1.42 billion.

Analyst Ratings: Analysts seem relatively indifferent about Stifel with five of eight analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 34.7% to $27 million (43 cents a share) from $41.4 million (86 cents a share) the year earlier, meeting analyst expectations. Revenue fell 15.5% to $343.6 million from $406.4 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 1% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 7, 2012 and May 3, 2012, the stock price fell $1.48 (-3.9%), from $37.85 to $36.37. The stock price saw one of its best stretches over the last year between April 23, 2012 and April 27, 2012, when shares rose for five straight days, increasing 6.1% (+$2.12) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight days, dropping 12.8% (-$3.76) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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