E-Trade 2Q Earnings Pregame Scorecard

FOXBusiness

Having exceeded expectations last quarter by 4 cents per share, E-Trade (NASDAQ:ETFC) is scheduled to report again on Thursday.

Expectations

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Analysts currently expect E-Trade to come in with earnings of 11 cents per share on revenues of $465.5 million. Estimates from analysts range from 7 cents per share to 13 cents per share. Over the past three months, the average estimate has moved down from 13 cents.

Last Quarter's Results

In the first quarter, profit rose 38.4% to $62.6 million (22 cents a share) from $45.2 million (16 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 8.1% to $570.2 million from $620.5 million.

Stock Ratings

Analysts think investors should stand pat on E-Trade with nine of 11 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Stock Movement

The stock fell $1.73 per share between May 3, 2012 and May 18, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $2.09 (-21%), from $9.96 to $7.87.

Company Fundamental Trends The company will look to use the upcoming earnings announcement as a salve for two-straight quarters of revenue declines. Revenue decreased by 8.2% during the past fourth quarter of the last fiscal year and dropped further over the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: 11 cents

Revenue Estimate: $465.5 million

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