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Rating:UPDATE 5 | Six Fund Firms Pull Ahead, One Lags Behind When the Earnings Come Down Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, April 30, 2007

UPDATE 5 | Six Fund Firms Pull Ahead, One Lags Behind When the Earnings Come Down

by: Erin Kello

The earnings numbers are coming in, who are the winners and who are the losers for Q1?

Wall Streeters, estimated that Amvescap would earn about 35 cents per share, or with the stock spilt that occurred this quarter 18 cents per share, this quarter, according to estimates by Thompson Financial Network. The actual earnings per share turned out to be 19 cents per share with a stock split. This puts Amvescap a penny above the Street's numbers.

T.Rowe Price reported an earnings per share of 51 cents per share, an increase of 21 percent a share from the same quarter last year. The news was bittersweet though, T.Rowe came in behind the 53 cents per share earnings, or two cents shy of what analysts expected.

AMG joined Amvescap in the winner's circle posting earnings of $1.43 a share, beating the analysts' estimate of $1.14 a share.

For its part, Janus Capital reported earnings per share of 19 cents, dead on with analysts' expectations. This number is also flat to the firm's earnings per share in the final quarter of 2006.

Federated Investors have been busy shopping for funds to buy but, do their earnings reflect this can do attitude? Analysts predicted their earnings per share would be 51 cents, their actual earnings came in just below this mark at 50 cents per share. This number is up from the 43 cents per share earnings for Q1 2006, an increase of 16 percent.

The folks at Franklin Resources are smiling today. They blew away the Wall Street analysts' earnings per share estimate of $1.63, for Q1 of this year. The actual number came in at $1.73 per share. The AUM for the company was $576 billion up from 552.9 billion in Q4 of 2006.

Nuveen Investments is riding high after getting their first quarter marks. Wall Street insiders put the earnings per share for this quarter at 62 cents. The actual earnings per share came in at 63 cents, putting Nuveen up by one. The company posted net income of $52.3 million, representing an increase of 17 percent from a year ago. AUM for this quarter was $166.1 billion, up from $145.0 billion for Q1 of 2006.

Principal Financial Group joins those who beat the street with 95 cents per share earnings. Wall Streeters estimated it would be 2 cents lower at 93 cents per share, However, the news is not all good the earnings per share are down from Q1 2006's $1.01. Principles' AUM for this quarter was 270.1 billion. 

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