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Financial services earnings roundup, April 28

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Financial services earnings roundup, April 28

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

Asset manager

reported first-quarter GAAP net income attributable to thecompany of $161.0 million, or 38 cents per share, compared with $259.6 million,or 60 cents per share, in the year-ago quarter.

Non-GAAPadjusted net income attributable to Invesco was $204.8 million, or 49 cents pershare, compared with $272.1 million, or 63 cents per share, in the year-ago period.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 54 cents.


first-quarter GAAP netincome attributable to the company of $28.1 million, or 45 cents per class A unit,compared with $38.3 million, or 85 cents per class A unit, in the year-ago quarter.

Adjustednet income was $105.0 million, or 49 cents per class A unit, down from $150.0 million,or 81 cents per class A unit, in the first quarter of 2015.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 50 cents.


reported first-quarter net income of $45.3 million, or 44cents per share, compared with $36.3 million, or 35 cents per share, for the first quarter of 2015.

The S&PCapital IQ consensus GAAP EPS estimate for the quarter was 44 cents.


first-quarter net income attributableto unitholders of $168.9 million, compared with $141.5 million in the year-ago period.

Adjustednet income attributable to unitholders dropped to $124.9 million from $141.2 million.

saw netincome of $55.7 million, or 56 cents per unit, up from $45.9 million, or 45 centsper unit, in the prior-year quarter.


Broker/dealer

reported first-quarter net income of $367.8 million, or $1.09per common share, up from $330.4 million, or 98 cents per common share, in the year-agoperiod.

Adjustedfor nonrecurring items, net income would have been $390 million and EPS would havebeen $1.15, in the year-ago period.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was $1.15.


first-quarter net incomeof $50.4 million, or 56 cents per share, compared with $50.7 million, or 52 centsper share, in the first quarter of 2015.

The S&PCapital IQ consensus GAAP EPS estimate for the quarter was 43 cents.


Financial technology

reported first-quarter net income of $959 million, or 86cents per share, down from $1.02 billion, or 89 cents per share, in the year-agoquarter.

On acurrency-neutral basis, net income was down 2% and EPS was up 1%.

The S&PCapital IQ normalized EPS estimate for the quarter was 85 cents.


reported fiscal third-quarter net earnings of $532.5 million,or $1.17 per share, versus $489.6 million, or $1.03 per share, in the year-ago quarter.

The S&PCapital IQ consensus GAAP EPS estimate for the quarter was $1.18.

Forecasted revenue growth remains unchanged at about 7%, or about 9% on a constantdollar basis. The company now anticipates adjusted EPS growth of about 12% comparedwith its prior forecast of 11% to 13% growth. On a constant dollar basis, adjustedEPS is expected to increase about 13%, compared with the company's prior forecastof an increase of 12% to 14%.


first-quarter net income of $60.4 million, or60 cents per share, up from $43.8 million, or 39 cents per share, in the year-agoquarter.

Adjustednet income was $68.2 million, or 68 cents per share, compared with $57.1 million,or 50 cents per share, in the first quarter of 2015.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 63 cents.

The companyalso updated its full-year 2016 guidancefor adjusted EBITDA expenses to a range of $600 million to $615 million, comparedto previous guidance range of $610 million to $625 million.


a first-quarter net loss of $833,000,or 2 cents per share, compared with a loss of $8.8 million, or 23 cents per share,in the year-ago quarter.

Non-GAAPadjusted net income for the quarter was $13.4 million, or 34 cents per share, comparedwith $9.1 million, or 24 cents per share, a year ago.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 26 cents.

Athenahealthstill expects total revenuefor the fiscal year ending Dec. 31 to be between $1.09 billion and $1.12 billion.Adjusted operating income is expected to be in a range of $120 million to $135 million.Non-GAAP adjusted net income per share is anticipated to be between $1.65 and $1.85.

The S&PCapital IQ consensus normalized EPS estimate for 2016 is $1.75.


Specialty lender

first-quarter net income of $146.9million, or 73 cents per common share, up from $103.7 million, or 59 cents per commonshare, in the prior-year quarter.

Resultsfor the year-ago quarter reflects results prior to the acquisition of OneWest Bank.

The S&PCapital IQ consensus GAAP EPS estimate for the first quarter was 77 cents.


reported first-quarter net income of $11.0 million, or 25cents per share, versus a net loss of $27.3 million, or 60 cents per share, forthe first quarter of 2015.

Onan adjusted basis, net income was $12.4 million, or 28 cents per share, comparedwith $12.7 million, or 28 cents per share, in the prior-year quarter.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 28 cents.


reported first-quarternet income of $13.2 million,or 47 cents per share, down from $16.8 million, or 59 cents per share, in the prior-yearquarter.

Adjustednet income was $13.4 million, or 48 cents per share, versus $16.9 million, or 59cents per share, for the first quarter of 2015.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 44 cents.

Basedon first-quarter results and a slightly improved outlook for the peso exchange rate,the company raised its 2016 EPS guidance to a range of $2.25 to $2.45. It previouslyexpected EPS for 2016to be between $2.20 and $2.40.

The S&PCapital IQ consensus normalized EPS estimate for the year is $2.32.


reported first-quarter net income of $13.9 million, or 36cents per share, compared with $9.4 million, or 25 cents per share, in the prior-yearquarter.