Assurant Inc. (NYSE:AIZ) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.87%.
Assurant Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 17.05% to $1.46 in the quarter versus EPS of $1.76 in the year-earlier quarter.
Revenue: Rose 3.72% to $2.15 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Assurant Inc. reported adjusted EPS income of $1.46 per share. By that measure, the company missed the mean analyst estimate of $1.57. It beat the average revenue estimate of $2.11 billion.
Quoting Management: “While earnings were lower in first quarter, we grew premiums in several of our targeted specialty areas, fortified our already strong capital position and resumed share repurchases,” said Robert B. Pollock, president and CEO of Assurant. “We remain focused on achieving steady improvements across each of our businesses in 2013. By meeting the needs of consumers and clients, we will deliver on our commitments to shareholders.”
Key Stats (on next page)…
Revenue decreased 0.51% from $2.16 billion in the previous quarter. EPS increased 1985.71% from $0.07 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.4 to a profit $1.43. For the current year, the average estimate has moved up from a profit of $5.58 to a profit of $5.72 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)