Assurant Earnings Preview: Can This Streak Continue?
Assurant (NYSE:AIZ) will report earnings after markets close on Wednesday, April 24th. Assurant, Inc. provides specialized insurance and insurance-related products. The Company offers individual and small employer group health insurance, group dental insurance, pre-funded funeral insurance, group disability and life insurance, creditor-placed homeowners insurance, manufactured housing homeowners insurance, debt protection administration, credit insurance, and warranties.
Here is your Cheat Sheet to Assurant Earnings:
Earnings Expectations: Analysts expect earnings of $1.53 per share on revenues of $2.10 billion. Currently, the company’s P/E ratio stands at 8.13.
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 $1.44. For the current year, the average estimate is a profit of $5.68, which is better than the estimate ninety days ago.
Here’s how Assurant has been performing on an annual basis:
|Revenue ($) in millions||8,601||8,701||8,528||8,273||8,508|
|Diluted EPS ($)||3.76||3.63||2.50||5.51||5.67|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||2,112||2,073||2,129||2,145||2,161|
|Diluted EPS ($)||1.69||1.81||1.94||1.52||0.40|
Assurant has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)