ACE Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ACE (NYSE:ACE) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. ACE is a global provider of property and casualty insurance and reinsurance products to individuals and businesses.

ACE Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.31 per share, a decline of 32.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.87. Between one and three months ago, the average estimate moved down. It also has dropped from $1.32 during the last month. For the year, analysts are projecting net income of $7.51 per share, a rise of 7.7% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 15 cents, reporting profit of $2.01 per share against a mean estimate of net income of $1.86 per share.

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A Look Back: In the third quarter, the company swung to a profit of $640 million ($1.86 a share) from a loss of $31 million (9 cents) a year earlier, beating analyst estimates. Revenue rose 19.7% to $5.14 billion from $4.29 billion.

Here’s how ACE Limited traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Wall St. Revenue Expectations: Analysts are projecting a decline of 10.2% in revenue from the year-earlier quarter to $3.26 billion.

Analyst Ratings: With 18 analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.

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