T. Rowe Price Group Q4 Earnings Preview

Posted January 24, 2012

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T. Rowe Price is a financial services holding company that provides investment advisory services to individual and institutional investors. The company is scheduled to report its fourth quarter earnings on Friday, January 27, 2012.

Expectations: Analysts are expecting the company to come in with earnings of 69 cents per share, 4.2% less than a year ago, when it reported earnings of 72 cents per share. Over the past three months, the consensus estimate has increased from 68 cents. Analysts are projecting earnings of $2.89 per share for the fiscal year. The company is expected to report revenue less than last year's $666.4 million by -1.2% to finish at $658.3 million for the quarter. The company is expected to report revenue of $2.73 billion for the fiscal year.

Performance: Revenue increases have been in the double digits for the past four quarters. Revenue has grown by an average of 50.1% with the biggest jump in the first quarter when revenue increased more than twofold year-over-year. The company has seen net income rise in three straight quarters. In the most recent quarter, profit increased 9.7% year-over-year. Going back two quarters, net income rose 29.1% in the second quarter and 27.2% in the first quarter. Over the past quarter, the stock price has risen to $60.18 from $50.75 on October 26, 2011. T. Rowe Price Group's worst recent stretch was when its stock price fell $4.70 per share between November 11, 2011 and November 25, 2011.

Ratings: The majority of analysts (12 of 17) rate T. Rowe Price Group a hold. Analysts' buy ratings have increased slightly over the last three months.

Earnings estimates provided by Zacks

T. Rowe Price Group Inc.

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