E Trade Financial, F5 Networks, Inc., Fusion-IO Inc.: Earnings Preview

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E TRADE Financial Corporation (NASDAQ:ETFC), F5 Networks, Inc. (NASDAQ:FFIV) and Fusion-IO, Inc. (NYSE:FIO) will report their earnings on April 23. For E Trade and F5 Networks earnings are expected to increase while Fusion-IO is forecasted to report a loss.

E Trade making efforts to improve balance sheet

E TRADE Financial Corporation (NASDAQ:ETFC) is set to post its first quarter 2014 earnings on April 23, where the net income is expected to increase due to the efforts made by the company such as deleveraging the balance sheet substantially in 2013 and increase in interest-earnings assets. Also, trading volumes are surging over the past few quarters, and are expected to increase further in the future.

Net yield is expected to increase this year as the Fed has already started QE tapering measures. Also, the net interest earning assets are estimated to grow at a CAGR of around 5% for the next few years with increasing client base on its trading platform. E Trade is expected to continue experiencing a surge in the number of brokerage accounts. Analysts expect that, in a healthy trading scenario, trading activity per account as well as number of accounts will increase further. The company may also earn more revenue from commission.

Estimates improved for F5 Networks

F5 Networks, Inc. (NASDAQ:FFIV) will also post its second quarter 2014 earnings on Wednesday, April 23, 2014. Analysts are expecting the company to post a profit of 95 cents per share, an increase from 81 cents in the previous year. The consensus estimates have increased from three months ago, when it was 94 cents. For the quarter, analysts expect revenue to increase 18% year over year at $414.3 million, an increase from $350.2 million from the year earlier quarter. For the year, revenue is projected to come in at $1.70 billion. Earnings per share are expected to come in at $4.11 for the full fiscal.

Fusion-IO, Inc. (NYSE:FIO)will report its third quarter 2014 earnings on Wednesday, April 23rd. Analysts are expecting earnings to come in at ($0.09) per share on revenue of $96.70 million for the quarter. On average, analysts expect Fusion-IO to post ($0.29) EPS for the current fiscal year and ($0.17) EPS for the next fiscal year. Currently, Fusion-IO has a consensus rating of Hold and a consensus price target of $13.61.

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