FEDERATED INVST (FII) |
Investment advisory fees, net – Consensus Forecasts of Investment advisory fees, net Revenue in Millions  |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
12/06 |
| $614.4 |
$726.5 |
$775.4 |
$749.8 |
$647.0 |
$689.8 |
$721.4 |
2.7% |
|
| Administrative service fees, net – Consensus Forecasts of Administrative service fees, net Revenue in Millions |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
12/06 |
| $147.9 |
$171.8 |
$221.9 |
$262.4 |
$214.7 |
$209.9 |
$229.7 |
7.6% |
|
| Other service fees and commission income – Consensus Forecasts of Other service fees and commission income Revenue in Millions |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
12/06 |
| $216.6 |
$228.9 |
$226.4 |
$163.8 |
$115.0 |
$150.0 |
$187.2 |
-2.4% |
|
EPS FORECASTS
|
This section is designed to find errors as the consensus forecast of EPS. The consensus forecasts for the lines in the FEDERATED INVST Income Statement are shown and below each consensus forecast is a wiki section to discuss why the consensus forecast of that item may be high or low
|
|
| Consensus Forecasts of Total Revenue |
| |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
12/06 |
| 1. Total Revenue |
$978.9 |
$1,127.3 |
$1,223.7 |
$1,175.9 |
$955.3 |
$1,048.8 |
$1,187.5 |
3.3% |
|
| Discussion by Wiki Users | | Outlook
According to some of the firms, the fundamentals for Federated will likely remain challenged in the upcoming quarters based on management’s expectations of higher fee waivers.
In money market industry, redemptions is at high level driven by anticipated risks due to government funds’ exposure to U.S. debt and prime funds’ exposure to European banks. However, management specified that Federated’s money market business had limited impact based on its long-term relationships with institutional and corporate clients. Further, apart from money funds, some firms expect organic growth in long-term products, particularly fixed income in the coming quarters.
| Last edited Wed Feb 29, 2012 05:25 AM
by SreelaBose (Zacks Investment Research) |  |
| Consensus Forecasts of Fully Diluted Shares Outstanding |
| |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
| Fully Diluted Shares Outstanding |
106.1 |
102.4 |
100.7 |
100.4 |
100.1 |
99.0 |
98.2 |
|
| Consensus Forecasts of GAAP EPS |
| |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
| GAAP EPS |
$1.8 |
$2.1 |
$2.2 |
$1.9 |
$1.7 |
$1.9 |
|
|
| Discussion by Wiki Users | | Outlook
Most of the firms decreased their 2012 and 2013 EPS estimates due to increase in fee waiver in 4Q11, lower interest rates, anticipated higher fee waivers in the upcoming quarters and higher operating expenses, partially offset by expected long-term flows.
| Last edited Wed Feb 29, 2012 05:27 AM
by SreelaBose (Zacks Investment Research) | |
| Consensus Forecasts of Pre - Tax Income |
| |
Dec-06 |
Dec-07 |
Dec-08 |
Dec-09 |
Dec-10 |
Dec-11 |
Dec-12 |
| 7. Pre - Tax Income |
$310.9 |
$354.0 |
$356.8 |
$326.8 |
$292.3 |
$318.9 |
$372.4 |
| 8. Tax provisions |
$113.8 |
$130.1 |
$128.2 |
$118.8 |
$106.8 |
$115.7 |
$128.8 |
| Percent of Revenue |
37% |
37% |
36% |
36% |
37% |
36% |
35% |
| 9. Net Income (7-8) |
$197.10 |
$223.90 |
$228.60 |
$208.00 |
$185.50 |
$203.20 |
$243.60 |
|
| FII (FEDERATED INVST) |
$1,098.00 |
$204.16 |
42.0% |
8% |
13.15 |
2.0 |
8.1 |
Industry Mean |
|
|
12% |
11% |
13.96 |
5.0 |
16.4 |
| S&P 500 |
|
|
23% |
11% |
13.71
| 1.9 |
|
|
|
|
|
|
|
|
|
SEIC (SEI INVESTMENTS) |
$1,033.00 |
$199.56 |
20.2% |
16% |
18.37 |
3.8 |
16.5 |
LAZ (LAZARD LTD) |
$1,811.00 |
($110.28) |
19.5% |
15% |
14.66 |
1.7 |
6.9 |
TROW (T ROWE PRICE) |
$2,039.00 |
$538.40 |
19.7% |
11% |
19.12 |
6.2 |
25.1 |
CF is operating cash flow plus after-tax interest expense. |
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Created by: WikiMigrationBot.
Last Modification: Thursday 03 of June, 2010 07:07:51 CDT by WikiMigrationBot.
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