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In This List

Financial services earnings roundup, Aug. 8

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Financial services earnings roundup, Aug. 8

With earnings season in gear, S&P Global Market Intelligence presents a snapshot of recently reported financial results for companies in the financial services space.

Asset manager

Janus Henderson Group Plc reported second-quarter net income attributable to the company of $41.7 million, or 28 cents per share, compared with $46.3 million, or 41 cents per share, in the year-prior period.

Net income attributable to the company on a pro forma adjusted basis was $139.8 million, or 68 cents per share, for the quarter, up from $98.9 million, or 47 cents per share, a year earlier.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 53 cents.

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Financial Engines Inc. reported second-quarter net and comprehensive income of $12.8 million, or 20 cents per share, an increase from $9.0 million, or 14 cents per share, in the year-ago quarter.

Non-GAAP adjusted net income for the quarter was $20.6 million, or 32 cents per share, versus $17.6 million, or 28 cents per share, in the prior-year period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 33 cents.

For full year 2017, the company maintained its previously set guidance, in which it expects revenue of $480 million to $487 million, non-GAAP adjusted EBITDA of $158 million to $162 million and GAAP net income of between $56 million and $58 million.

Broker/dealer

Virtu Financial Inc. reported second-quarter net income available to common shareholders of $901,000, or 1 cent per share, compared with $8.4 million, or 21 cents per share, in the same quarter of 2016.

The company reported normalized adjusted net income of $17.8 million, or 13 cents per share, which was down from $32.9 million, or 24 cents per share, in the year-ago period.

Financial technology

DXC Technology Co. posted net income attributable to common stockholders for the fiscal first quarter of 2018 ended June 30 of $159 million, or 55 cents per share, compared with a net loss of $21 million, or a loss of 15 cents per share, in the fiscal quarter ended July 1, 2016.

The company posted non-GAAP net income attributable to common stockholders of $461 million, or $1.59 per share, for the recent fiscal quarter, compared with $174 million, or 61 cents per share, in the fiscal quarter ended July 1, 2016.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was $1.24.

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Gartner Inc. reported a second-quarter net loss of $92.3 million, or a loss of $1.03 per share, compared with net income of $51.6 million, or 62 cents per share, in the year-earlier quarter.

Adjusted net income for the quarter was $79.4 million, or 88 cents per share, versus $63.0 million, or 75 cents per share, a year ago.

The S&P Capital IQ consensus normalized EPS estimate for the period was 84 cents.

For the full year 2017, the company revised its outlook as it now expects GAAP EPS to be a loss of $1.00 to a loss of 71 cents. Previously, the company expected GAAP EPS to be a loss ranging between $1.16 and 76 cents. The company expects adjusted EPS for the year to be between $3.32 and $3.49, compared with the prior range of $3.32 to $3.60.

The S&P Capital IQ consensus normalized EPS estimate for the year is $3.45.

Specialty lender

Aircastle Ltd. reported a second-quarter net loss of $7.1 million, or a loss of 9 cents per common share, compared with net income of $20.0 million, or 25 cents per common share, in the second quarter of 2016.

Adjusted net income for the quarter was $2.4 million, or 3 cents per common share, versus $24.2 million, or 31 cents per common share, in the year-ago quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 65 cents.

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ECN Capital Corp. reported second-quarter after-tax adjusted operating income of C$16.3 million, or 4 Canadian cents per basic share, versus C$28.7 million, or 7 cents per basic share, in the year-ago quarter presented on a carved-out basis.

The S&P Capital IQ consensus normalized EPS estimate for the period was 4 cents.

Net income for the quarter was C$15.9 million, compared with C$28.4 million in the year-ago quarter.