trending Market Intelligence /marketintelligence/en/news-insights/trending/e8k11EdMy3jMe62bEuH80A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Financial Engines ups FY'16 outlook

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Financial Engines ups FY'16 outlook

FinancialEngines Inc. now expects its 2016 revenue to be $407 million to $414million and 2016 non-GAAP adjusted EBITDA to be $121 million to $126 million,based on financial markets remaining at May 6 levels.

The company previously estimated that its 2016 revenue to be$383 million to $390 million and 2016 non-GAAP adjusted EBITDA to be $109million to $114 million.

With the acquisitionof The Mutual Fund Store, Financial Engines is currently estimating theremaining non-recurring closing and integration related expenses in the secondthrough fourth quarters to be about $7 million to $9 million, excluding noncashstock-based compensation expense, in addition to the $8.1 million incurred inthe first quarter, mainly related to closing the transaction.

The company reported first-quarter net and comprehensiveincome of $3.3 million, or 6 cents per share attributable to common stockholders,compared with $7.9 million, or 15 cents per share attributable to commonstockholders, in the year-ago period. Non-GAAP adjusted net income was $14.4million, or 24 cents per share, compared with $11.9 million, or 22 cents pershare, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 23 cents.