Genworth Financial Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Genworth Financial (NYSE:GNW) will unveil its latest earnings on Tuesday, July 31, 2012. Genworth Financial provides wealth management, insurance, investment and financial solutions to customers.

Genworth Financial Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 17 cents per share, a spike from a loss of 15 cents in the year-ago quarter. During the past three months, the average estimate has moved down from 27 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 19 cents during the last month. Analysts are projecting profit to rise by 72.1% versus last year to 74 cents.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 6 cents per share against an estimate of net income of 12 cents per share. The quarter before that, it missed expectations by one cent.

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A Look Back: In the first quarter, profit fell 42.7% to $47 million (9 cents a share) from $82 million (17 cents a share) the year earlier, missing analyst expectations. Revenue fell 5.5% to $2.43 billion from $2.57 billion.

Stock Price Performance: Between April 30, 2012 and July 25, 2012, the stock price fell $1.34 (-22.3%), from $6.01 to $4.67. The stock price saw one of its best stretches over the last year between June 27, 2012 and July 3, 2012, when shares rose for five straight days, increasing 20% (+98 cents) 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 23% (-$1.60) over that span.

Wall St. Revenue Expectations: Analysts predict a decline of 6.7% in revenue from the year-earlier quarter to $2.52 billion.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 0.3% in the the fourth quarter of the last fiscal year after dropping in the first quarter.

Analyst Ratings: There are mostly holds on the stock with eight of 11 analysts surveyed giving that rating.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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