S&P 500 (NYSE:SPY) component Aon Corp Com (NYSE:AON) will unveil its latest earnings on Friday, May 4, 2012. Aon provides risk management and human capital consulting services, including insurance and reinsurance brokerage and workforce productivity solutions.
Aon Corp Com Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.06 per share, a rise of 32.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved down. It has risen from 83 cents during the last month. Analysts are projecting profit to rise by 33.4% compared to last year’s $4.39.
Last quarter, the company came in at net income of 97 cents per share against a mean estimate of profit of 96 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 4 cents.
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Wall St. Revenue Expectations: On average, analysts predict $2.84 billion in revenue this quarter, a rise of 2.9% from the year-ago quarter. Analysts are forecasting total revenue of $11.64 billion for the year, a rise of 3.1% from last year’s revenue of $11.29 billion.
Analyst Ratings: Analysts are optimistic about this stock, with 10 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, profit rose 19.9% to $277 million (82 cents a share) from $231 million (69 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.2% to $3 billion from $2.91 billion.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 68.6% in the second quarter of the last fiscal year and 37.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 45.3% in the first quarter of the last fiscal year, 46.5% in the second quarter of the last fiscal year and 52.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.
Stock Price Performance: Between March 2, 2012 and April 30, 2012, the stock price had risen $4.66 (9.9%), from $47.14 to $51.80. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 4% (+$1.89) over that span. It saw one of its worst periods between November 11, 2011 and November 23, 2011 when shares fell for nine straight days, dropping 9.2% (-$4.38) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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