Morgan Stanley 2Q Earnings Pregame Scorecard
Morgan Stanley (NYSE:MS) has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Thursday.
Expectations
Analysts currently expect Morgan Stanley to come in with earnings of 44 cents per share on revenues of $7.76 billion. Analyst estimates range from 23 cents per share to 85 cents per share. Over the past two months, the average estimate has moved down from 51 cents.
Last Quarter's Results
In the first quarter, the company swung to a loss of $94 million (6 cents a share) from a profit of $968 million (50 cents) a year earlier, but beat analyst expectations. Revenue fell 10% to $8.54 billion from $9.49 billion.
Stock Ratings
That rating hasn't budged in three months as the average analyst rating of the stock has remained constant.
Stock Movement
The stock fell $3.04 per share between May 3, 2012 and May 21, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $3.61 (-20.4%), from $17.66 to $14.05.
Company Fundamental Trends
Summary
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
EPS: 44 cents
Revenue Estimate: $7.76 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)