T. Rowe Price Group Earnings Preview: Get Ahead of the Analysts
T. Rowe Price Group (NASDAQ:TROW) will report earnings before markets open on Wednesday, July 24th. T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.
Here is your Cheat Sheet to T. Rowe Price Group Earnings:
Earnings Expectations: Analysts expect earnings of $0.95 per share on revenues of $856.20 million. Currently, the company’s P/E ratio stands at 22.21.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1 to a profit $0.99. For the current year, the average estimate is a profit of $3.85, which is worse than the estimate ninety days ago.
Here’s how T. Rowe Price Group has been performing on an annual basis:
|Revenue ($) in millions||2,121||1,872||2,371||2,747||3,023|
|Diluted EPS ($)||1.82||1.65||2.53||2.92||3.36|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||736.80||769.70||787.30||815.70|
|Diluted EPS ($)||0.79||0.94||0.88||0.91|
T. Rowe Price Group has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)