Earnings Preview: Ameriprise Financial

| About: Ameriprise Financial, (AMP)
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Ameriprise Financial (NYSE:AMP) is expected to report Q4 earnings after the market close on Wednesday, January 28, with a conference call scheduled for January 28 at 5:30 pm ET.


Analysts are looking for EPS of 33c on revenue of $1.73B. The consensus range for EPS is (30c)-86c, while the consensus range for revenue is $1.61B -$1.91B, according to First Call.

Analyst Views

Citigroup recently previewed Ameriprise's quarter by lowering its estimates for Q4 and 2009. The firm, which cited anticipated market losses as the reason for its reduced outlook, lowered its Q4 EPS estimate for the company to 32c from 65c. For 2009, Citigroup reduced its EPS estimate to 43.15 from $3.65. The firm, which maintained a Buy/High Risk rating on the shares, added that it expects the company's revenue from management fees and annuity charges to decline. However, Bernstein recently wrote that Ameriprise has a strong balance sheet, and identified the company as one of its top picks in the U.S. life insurance sector. Similarly, Credit Suisse likes Ameriprise because of what it sees as the company's strong capital level, although the firm adds that it is too early to buy the company's shares.