T. Rowe Price Group Earnings Preview: Get Ahead of the Analysts

T. Rowe Price Group (NASDAQ:TROW) will report earnings before markets open on Wednesday, July 24th. T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.

Here is your Cheat Sheet to T. Rowe Price Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.95 per share on revenues of $856.20 million. Currently, the company’s P/E ratio stands at 22.21.

Analyst Trends:

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 $1 to a profit $0.99. For the current year, the average estimate is a profit of $3.85, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how T. Rowe Price Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,121 1,872 2,371 2,747 3,023
Diluted EPS ($) 1.82 1.65 2.53 2.92 3.36

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 ($) in millions 736.80 769.70 787.30 815.70
Diluted EPS ($) 0.79 0.94 0.88 0.91

Past Performance:
T. Rowe Price Group 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)