TD Ameritrade 3Q Earnings Pregame Scorecard

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TD Ameritrade (NYSE:AMTD) missed analyst expectations last quarter, but will try to make up for it when it announces its latest results on Tuesday.

Expectations

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Analysts currently expect TD Ameritrade to come in with earnings of 26 cents per share on revenues of $665.6 million. Analysts gave estimates ranging from 24 cents per share to 30 cents per share. Over the past three months, the average estimate has moved down from 30 cents.

Last Quarter's Results

In the second quarter, profit fell 20.4% to $136.7 million (25 cents a share) from $171.7 million (30 cents a share) the year earlier, missing analyst expectations. Revenue fell 6.2% to $674.6 million from $719.5 million.

Stock Ratings

Analysts are bullish on the stock as nine analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Company Fundamental Trends After last quarter's drop snapped a string of revenue increases, the company will look to move in the right direction again. Revenue rose more than twofold in the first quarter and 15.5% in the fourth quarter of the last fiscal year before falling in the second quarter. The company will look to get back to form after a profit drop last quarter ended a string of income gains. Before dropping in the second quarter, net income grew 43.6% in the fourth quarter of the last fiscal year and 4.8% in the first quarter.

Summary

Reporting Period: 3Q

Date of Release: Tuesday, July 17, 2012 before market open

EPS: 26 cents

Revenue Estimate: $665.6 million

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