Earnings Preview: Legg Mason (LM) Q1 Earnings Expected to Decline
Earnings Preview: Legg Mason (LM) Q1 Earnings Expected to Decline. Wall Street expects a year-over-year decline in earnings on lower revenues when Legg Mason (LM) reports results for the quarter ended June 2019. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. This money manager is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of -10%. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Legg Mason? For Legg Mason, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate.