This financial company beat earnings estimates by $0.03 in the last quarter, and two analysts have recently increased their forecasts for this year and next. Consensus estimates for current quarter are $0.74 per share.
Stifel Financial Corp. (SF)
From AlphaProfit Sector Investors’ Newsletter
The broad decline in financials has chopped 15% off Stifel Financial Corp.’s (SF)shares from their March high. This drop is a buying opportunity.
Stifel closed 2016 on a strong note with revenue and EPS rising 14% and 33%, respectively year-over-year. Prospects for 2017 are equally bright as the firm looks to continue its successful strategy of growing its investment banking & wealth management units via acquisitions. Higher interest rates and easier regulations would be a boon for Stifel.
Its shares appeal to risk-tolerant, growth investors. They trade at 14.2X-forecasted 2017 EPS versus prospects for 27% EPS this year. (Next earnings: Early May)
Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, www.alphaprofit.com,
281-565-6963, April 2017