We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Finance Stocks Queued up for Earnings: EVER, LM & More
Read MoreHide Full Article
The results released by finance companies so far this quarter depicts improvement in the industry backdrop during the quarter. Favorable domestic economic factors and recovering oil prices primarily helped in removing the pressure. However, the interest rate environment still remains a pain for the sector participants.
An improving labor market with lower unemployment rate and a recovering housing market should support growth in the industry.
Notably, per our Earnings Outlook report, overall earnings for the Finance sector in Jul-Sep 2016 quarter are expected to be up 14.3% year over year.
Let’s take a look at the four finance stocks that are scheduled to report their earnings tomorrow.
EverBank Financial Corp. (EVER - Free Report) is scheduled to report third-quarter 2016 results before the opening bell. Its Zacks Consensus Estimate of 36 cents remained stable over the past 30 days. Moreover, the figure reflects a year-over-year increase of 57.6%.
However, we cannot conclusively predict of an earnings beat this quarter as it doesn’t have the right combination of two key ingredients. It has an Earnings ESP of 0.00% and carries a Zacks Rank #3 (Hold).
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Notably, the company delivered an average negative surprise of 8.6% in the trailing four quarters.
Legg Mason, Inc. is also slated to report its fiscal second-quarter 2017 (ended Sep 30, 2016) results before the opening bell. We cannot conclusively predict of an earnings beat this quarter as the company carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
It is expected that performance fees will be stable for the quarter on a sequential basis. However, compensation and benefits ratio is likely to decline. Also, the company is expected to record one-time charges in the to-be-reported quarter. (Read more: Legg Mason to Report Q2 Earnings: What's in Store?)
Notably, the company witnessed an average negative surprise of 59.4% in the trailing four quarters as depicted in the chart below:
The Zacks Consensus Estimate of Hilltop Holdings Inc. (HTH - Free Report) , which is set to report results before the market opens, has increased 3.9% over the past 30 days. Its estimate of 53 cents represents a year-over-year growth of 12.2%.
WisdomTree Investments, Inc. is also slated to report results before the market opens. It cannot be predicted whether the company will be able to beat the Zacks Consensus Estimate, as it has a Zacks Rank #3 and an Earnings ESP of 0.00%.
The company recorded elevated outflows during the quarter. Also, it remains focused on executing its strategic growth initiatives which are expected to increase marketing and sales expenses. (Read more: Will WisdomTree Plunge Further Post Q3 Earnings?)
Notably, the company delivered an average negative surprise of 15.6% in the trailing four quarters as depicted below:
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Finance Stocks Queued up for Earnings: EVER, LM & More
The results released by finance companies so far this quarter depicts improvement in the industry backdrop during the quarter. Favorable domestic economic factors and recovering oil prices primarily helped in removing the pressure. However, the interest rate environment still remains a pain for the sector participants.
An improving labor market with lower unemployment rate and a recovering housing market should support growth in the industry.
Notably, per our Earnings Outlook report, overall earnings for the Finance sector in Jul-Sep 2016 quarter are expected to be up 14.3% year over year.
Let’s take a look at the four finance stocks that are scheduled to report their earnings tomorrow.
EverBank Financial Corp. (EVER - Free Report) is scheduled to report third-quarter 2016 results before the opening bell. Its Zacks Consensus Estimate of 36 cents remained stable over the past 30 days. Moreover, the figure reflects a year-over-year increase of 57.6%.
However, we cannot conclusively predict of an earnings beat this quarter as it doesn’t have the right combination of two key ingredients. It has an Earnings ESP of 0.00% and carries a Zacks Rank #3 (Hold).
Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Notably, the company delivered an average negative surprise of 8.6% in the trailing four quarters.
EVERBANK FIN CP Price and EPS Surprise
EVERBANK FIN CP Price and EPS Surprise | EVERBANK FIN CP Quote
Legg Mason, Inc. is also slated to report its fiscal second-quarter 2017 (ended Sep 30, 2016) results before the opening bell. We cannot conclusively predict of an earnings beat this quarter as the company carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
It is expected that performance fees will be stable for the quarter on a sequential basis. However, compensation and benefits ratio is likely to decline. Also, the company is expected to record one-time charges in the to-be-reported quarter. (Read more: Legg Mason to Report Q2 Earnings: What's in Store?)
Notably, the company witnessed an average negative surprise of 59.4% in the trailing four quarters as depicted in the chart below:
LEGG MASON INC Price and EPS Surprise
LEGG MASON INC Price and EPS Surprise | LEGG MASON INC Quote
The Zacks Consensus Estimate of Hilltop Holdings Inc. (HTH - Free Report) , which is set to report results before the market opens, has increased 3.9% over the past 30 days. Its estimate of 53 cents represents a year-over-year growth of 12.2%.
The company is less likely to post an earnings beat this quarter because it has an Earnings ESP of -5.66% and carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Moreover, the company lagged the Zacks Consensus Estimate in three of the trailing four quarters as depicted in the chart below:
HILLTOP HLDGS Price and EPS Surprise
HILLTOP HLDGS Price and EPS Surprise | HILLTOP HLDGS Quote
WisdomTree Investments, Inc. is also slated to report results before the market opens. It cannot be predicted whether the company will be able to beat the Zacks Consensus Estimate, as it has a Zacks Rank #3 and an Earnings ESP of 0.00%.
The company recorded elevated outflows during the quarter. Also, it remains focused on executing its strategic growth initiatives which are expected to increase marketing and sales expenses. (Read more: Will WisdomTree Plunge Further Post Q3 Earnings?)
Notably, the company delivered an average negative surprise of 15.6% in the trailing four quarters as depicted below:
WISDOMTREE INV Price and EPS Surprise
WISDOMTREE INV Price and EPS Surprise | WISDOMTREE INV Quote
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>.