E*trade Financial Earnings: What Investors Should Watch
E*trade Financial (NASDAQ:ETFC) will report earnings after markets close on Wednesday, July 24th. E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors. The Company’s products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.
Here is your Cheat Sheet to E*trade Financial Earnings:
Earnings Expectations: Analysts expect earnings of $0.12 per share on revenues of $419.79 million.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.12 and has not changed. For the current year, the average estimate is a profit of $0.49, which is better than the estimate ninety days ago.
Here’s how E*trade Financial has been performing on an annual basis:
|Revenue ($) in millions||3,128||2,789||2,398||2,349||2,186|
|Diluted EPS ($)||-10.00||-11.90||-0.13||0.54||-0.39|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||452.41||490.04||467.66||419.86|
|Diluted EPS ($)||0.14||-0.10||-0.65||0.12|
E*trade Financial has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)