Legg Mason (LM) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Oct 26, 2016 06:16AM ET
Legg Mason, Inc. (NYSE:LM) is scheduled to report its fiscal second-quarter 2017 (ended Sep 2016) results on Oct 28.
The Baltimore, MD-based asset manager’s fiscal first-quarter 2017 earnings missed the Zacks Consensus Estimate. Reduced revenues and higher expenses were the primary headwinds. However, the quarter had recorded an increase in assets under management (AUM).
Notably, Legg Mason has delivered positive earnings surprise in only one of the trailing four quarters. Regarding the stock’s performance, the company has lost nearly 20% year to date.
LEGG MASON INC Price and EPS Surprise
.
Ares Capital Corp. (NASDAQ:ARCC) is slated to release results on Nov 2. The company has an Earnings ESP of +2.63 % and a Zacks Rank #3.
PennyMac Financial Services, Inc. (NYSE:PFSI) has an Earnings ESP of +6.82% and carries a Zacks Rank #2. The company is slated to release results on Nov 3.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.