S&P 500 (NYSE:SPY) component Genworth Financial (NYSE:GNW) will unveil its latest earnings on Tuesday, February 5, 2013. Genworth Financial provides wealth management, insurance, investment and financial solutions to customers.
Genworth Financial Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 25 cents per share, a rise of 47.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 21 cents. Between one and three months ago, the average estimate moved up. It has risen from 23 cents during the last month. Analysts are projecting profit to rise by 67.4% versus last year to 72 cents.
Past Earnings Performance: Last quarter, the company topped expectations by 6 cents, coming in at profit of 25 cents per share versus a mean estimate of net income of 19 cents per share. This followed two straight quarters of missing estimates.
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A Look Back: In the third quarter, profit rose 17.2% to $34 million (7 cents a share) from $29 million (6 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 0.6% to $2.54 billion from $2.52 billion.