Earnings Per Share Preview for The First Marblehead Corporation (FMD)


Wall Street await The First Marblehead Corporation (NYSE:FMD) to release earnings on September, 14. Analysts forecast earnings per share of $-0.86, up exactly $0.17 or 16.50% from 2014’s $-1.03 EPS. After posting $-0.46 EPS for the previous quarter, The First Marblehead Corporation’s analysts now forecast 86.96% negative EPS growth. The stock closed at $5.05 during the last session. It is down 23.77% since January 19, 2016 and is uptrending. It has outperformed by 7.29% the S&P500.

The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.75, from 1.86 in 2016Q1. The ratio is negative, as 4 funds sold all The First Marblehead Corporation shares owned while 5 reduced positions. 4 funds bought stakes while 6 increased positions. They now own 1.12 million shares or 49.29% less from 2.21 million shares in 2016Q1.

Cordasco Financial Network holds 0.02% of its portfolio in The First Marblehead Corporation for 4,000 shares. Springbok Capital Management Llc owns 22,875 shares or 0.02% of their US portfolio. Moreover, Gmt Capital Corp has 0.01% invested in the company for 55,349 shares. The Minnesota-based Ameriprise Financial Inc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 1,000 shares.

The First Marblehead Corporation is a finance company, focused on education financing marketplace in the United States. The company has a market cap of $59.23 million. The Firm provides loan programs on behalf of its lender clients for undergraduate and graduate students and for college graduates seeking to refinance private education loan. It currently has negative earnings. It offers services through its Monogram loan product service platform.

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