Earnings Preview: Janus Capital

Jul.23.08 | About: Janus Capital (JNS)

Janus Capital (NYSE:JNS) is expected to report Q2 earnings before market open Thursday, July 24, with a conference call scheduled for 10:00 a.m. ET.


Analysts are looking for EPS of 30c on revenue of $284.72M. The consensus range for EPS is 27c to 36c, while the consensus range for revenue is $276.1M to $303.5M, according to First Call.

Analyst Views

Two research firms have predicted in recent weeks that Janus would be negatively affected by the slump in equity markets. Buckingham downgraded Janus on July 15 to Underperform from Strong Buy. The firm reduced the company's rating based on their forecast for flat markets through the end of 2008, reduced equity flows, and lower stock multiples. Banc of America reduced their estimates for several asset management companies on June 24, and they identified Janus as one of three companies that will be most severely affected by the difficult equity markets.