American International Group Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component American International Group, Inc. (NYSE:AIG) will unveil its latest earnings on Thursday, November 3, 2011. American International Group is a holding company that is engaged in insurance and insurance-related activities in the global marketplace.

American International Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 8 cents per share, a narrower loss from the year earlier quarter net loss of $1.47. During the past three months, the average estimate has moved down from 75 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 41 cents during the last month. For the year, analysts are projecting profit of $2.54 per share, a swing from a loss of $6.57 last year.

Past Earnings Performance: Last quarter, the company missed estimates by 43 cents, coming in at net income of 72 cents per share versus a mean estimate of profit of $1.15 per share. In the first quarter, the company beat estimates by $1.45.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 27.1% in revenue from the year-earlier quarter to $13.55 billion.

Analyst Ratings: Analysts seem relatively indifferent about American International Group with eight of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a profit of $1.84 billion ($1 a share) from a loss of $2.66 billion ($3.96) a year earlier, but missed analyst estimates. Revenue fell 16.5% to $16.68 billion from $19.98 billion.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of two consecutive quarters of revenue increases. Revenue rose 6.8% in the first quarter and 8.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Hartford Financial Services (NYSE:HIG), HCC Insurance Hldgs., Inc. (NYSE:HCC), American Financial Group (NYSE:AFG), ACE Limited (NYSE:ACE), The Chubb Corporation (NYSE:CB), The Travelers Companies, Inc. (NYSE:TRV), White Mountains Insurance Group, Ltd. (NYSE:WTM), CNA Financial Corporation (NYSE:CNA), and Loews Corporation (NYSE:L).

Stock Price Performance: During September 30, 2011 to October 28, 2011, the stock price had risen $4.39 (20%) from $21.95 to $26.34. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 8.9% (+$2.08) over that span. It saw one of its worst periods between April 5, 2011 and April 19, 2011 when shares fell for 11-straight days, falling 8.2% (-$2.86) over that span. Shares are down $21.94 (-45.4%) year to date.

(Source: Xignite Financials)

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