Cincinnati Financial Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 15 cents per share, up from a loss of 57 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 30 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $1.47 per share, a rise of more than twofold from last year.
Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 48 cents per share against the mean estimate of 42 cents. In the prior quarter, the company reported net income of 77 cents.
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A Look Back: In the first quarter, profit rose 38.7% to $86 million (53 cents a share) from $62 million (38 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.1% to $986 million from $929 million.
Stock Price Performance: Between April 25, 2012 and July 20, 2012, the stock price rose $1.86 (5.3%), from $35.37 to $37.23. The stock price saw one of its best stretches over the last year between May 18, 2012 and May 29, 2012, when shares rose for seven straight days, increasing 5.3% (+$1.81) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 7.1% (-$2.03) over that span.
Analyst Ratings: There are mostly holds on the stock with five of seven analysts surveyed giving that rating.
On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 2% in the fourth quarter of the last fiscal year before climbing again in the first quarter.
Wall St. Revenue Expectations: On average, analysts predict $991 million in revenue this quarter, a rise of 1.6% from the year-ago quarter. Analysts are forecasting total revenue of $4 billion for the year, a rise of 5.3% from last year’s revenue of $3.8 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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