JPMorgan Chase Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component JPMorgan Chase (NYSE:JPM) will unveil its latest earnings on Friday, July 13, 2012. J.P. Morgan Chase is a global securities, investment banking and retail banking firm with operations worldwide.

JPMorgan Chase Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.21 per share, a rise of 18.6% 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 $1.04. Between one and three months ago, the average estimate moved up. It has risen from $1.16 during the last month. Analysts are projecting profit to rise by 5.8% compared to last year’s $4.74.

Past Earnings Performance: Last quarter, the company beat estimates by 43 cents, coming in at profit of $1.21 per share against an estimate of net income of. The company also topped expectations in the first quarter.

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Stock Price Performance: Between July 13, 2012 and October 8, 2012, the stock price rose $5.59 (15.5%), from $36.07 to $41.66. The stock price saw one of its best stretches over the last year between July 20, 2012 and July 27, 2012, when shares rose for six straight days, increasing 8.8% (+$2.99) over that span. It saw one of its worst periods between July 13, 2012 and July 20, 2012 when shares fell for six straight days, dropping 6% (-$2.17) over that span.

A Look Back: In the second quarter, profit fell 8.7% to $4.96 billion ($1.21 a share) from $5.43 billion ($1.27 a share) the year earlier, but exceeded analyst expectations. Revenue fell 17.8% to $25.13 billion from $30.57 billion.

Analyst Ratings: With 17 analysts rating the stock a buy, two rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 3.4% in the the first quarter after dropping in the second quarter.

Wall St. Revenue Expectations: Analysts predict a rise of 0.7% in revenue from the year-earlier quarter to $24.55 billion.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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