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Waddell & Reed Financial, Inc.

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Waddell & Reed's shares have outperformed the industry over the last six months. The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. A consistent decline in expenses continues to be a positive. As the company is making efforts to improve efficiency and optimize its operations, expenses are likely to continue witnessing a downward trend in the next few quarters. Further, its initiatives through Project E should help boosting top-line growth in the long run. However, pressure on revenues and declining trend in AUM are the company’s major near-term concerns.

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