$0.43 Earnings Expected For Legg Mason, Inc. (NYSE:LM)

Sell-side analysts on Wall Street are anticipating that Legg Mason, Inc. (NYSE:LM) will report earnings of $0.63 per share when the company issues their quarterly report today.  This is the consensus EPS number according to data from Zack’s Research.  How the estimated EPS differs from the actual earnings number is what investors will be paying particularly close attention to. 

Most recently Legg Mason, Inc. (NYSE:LM) reported a surprise factor of 46.03%. The actual number was $0.29 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.

Projected Stock Movement
Research analysts covering shares of Legg Mason, Inc. (NYSE:LM) are anticipating on a consensus basis that the stock will reach $41.333 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $45 target on the stock. On the other end, the most conservative has a short term target of $34. This is based on the 6 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-17.

Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Legg Mason, Inc. (NYSE:LM) currently has an ABR of 2.14 heading into today’s announcement. This number is also based on the 6 sell-side firms polled by Zacks.

Traders may be using technical analysis to help spot ideal entry and exit points. One idea behind technical analysis is that historical price movement trends have the ability to repeat themselves. Technical analysis involves the use of chart patterns to examine market movements and to help define trends. Trends in the stock market are not always easy to spot. Many chartists will strive to determine whether the trend is up, down, or sideways. After defining a trend, the technical analyst may look to see what type of timeframe the trend encompasses. Some traders will look to identify whether the trend is major or long-term, short-term, or intermediate. Being able to decipher what the data is saying may assist the trader with finding potential entry and exit points on a particular trade. There are many different indicators that can be employed when undertaking technical analysis. Many traders will do numerous chart studies to find out which indicator or indicators tend to project the most relevant trading assistance. Learning how to spot these trends might help the trader develop specific charting skills that will hopefully lead to future market success.

This article is informational purposes only and should not be considered a recommendation to buy or sell Legg Mason, Inc.. 

Leave a Comment