Legg Mason (NYSE: LM ) is expected to report Q1 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Legg Mason's revenues will grow 3.8% and EPS will increase 7.8%.
The average estimate for revenue is $654.5 million. On the bottom line, the average EPS estimate is $0.69.
Last quarter, Legg Mason chalked up revenue of $667.8 million. GAAP reported sales were 3.0% higher than the prior-year quarter's $648.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.52. GAAP EPS of $0.23 for Q4 were 57% lower than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.4%, 500 basis points better than the prior-year quarter. Operating margin was 16.0%, 420 basis points better than the prior-year quarter. Net margin was 4.4%, 730 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.64 billion. The average EPS estimate is $3.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 789 members out of 866 rating the stock outperform, and 77 members rating it underperform. Among 315 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 299 give Legg Mason a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Legg Mason is hold, with an average price target of $27.27.
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