2 Financial Stocks Climbing Up 1% Ahead of Earnings

T. Rowe Price Group, Inc. (NASDAQ:TROW) will unveil its latest earnings on Friday, January 27, 2012. The average estimate of analysts is for profit of 69 cents per share, a decline of 4.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 68 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 14.2% versus last year to $2.89.

The company showed net income of 71 cents per share versus a mean estimate of profit of last quarter. This marks the fourth month of falling short of estimates. Analysts are projecting a rise of 1.7% in revenue from the year-earlier quarter to $658.3 million.

Competitors to Watch: Federated Investors, Inc. (NYSE:FII), BlackRock, Inc. (NYSE:BLK), Waddell & Reed Financial, Inc. (NYSE:WDR), U.S. Global Investors, Inc. (NASDAQ:GROW), Janus Capital Group Inc. (NYSE:JNS), Franklin Resources, Inc. (NYSE:BEN), Virtus Investment Partners, Inc. (NASDAQ:VRTS), Cohen & Steers, Inc. (NYSE:CNS), Calamos Asset Management, Inc (NASDAQ:CLMS), and Financial Engines Inc (NASDAQ:FNGN).

Legg Mason, Inc. (NYSE:LM) will unveil its latest earnings on Friday, January 27, 2012. The average estimate of analysts is for profit of 29 cents per share, a decline of 29.3% 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 30 cents. Between one and three months ago, the average estimate moved up. It has dropped from 32 cents during the last month. For the year, analysts are projecting net income of $1.54 per share, a decline of 1.9% from last year.

Last quarter, the company beat estimates by one cent, coming in at profit of 39 cents per share against an estimate of net income of. The company also topped expectations in the first quarter. On average, analysts predict $655.7 million in revenue this quarter, a decline of 9.2% from the year ago quarter. Analysts are forecasting total revenue of $2.7 billion for the year, a decline of 2.9% from last year’s revenue of $2.78 billion.

Competitors to Watch: AllianceBernstein Holding LP (NYSE:AB), Westwood Hldgs. Group, Inc. (NYSE:WHG), Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), Epoch Holding Corp (NASDAQ:EPHC), Morgan Stanley (NYSE:MS), Pzena Investment Management, Inc. (NYSE:PZN), Artio Global Investors Inc. (NYSE:ART), Sanders Morris Harris Group (NASDAQ:SMHG), The Blackstone Group L.P. (NYSE:BX), and Affiliated Managers Group, Inc. (NYSE:AMG).