S&P 500 (NYSE:SPY) component Assurant, Inc. (NYSE:AIZ) will unveil its latest earnings on Wednesday, July 27, 2011. Assurant, Inc. provides specialized insurance products and related services in North America and some international markets. Chubb Corp Earnings Cheat Sheet: Consecutive Profit Quarter Streak Stays Intact>>
Assurant, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 88 cents per share, a decline of 34.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.28. Between one and three months ago, the average estimate moved down and dropped from $1.15 during the last month. For the year, analysts are projecting profit of $4.73 per share, a decline of 5.8% 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 net income of $1.37 per share against a mean estimate of profit of $1.22 per share.
Wall St. Revenue Expectations: On average, analysts predict $2.02 billion in revenue this quarter, a decline of 5.6% from the year ago quarter. Analysts are forecasting total revenue of $8.05 billion for the year, a decline of 5.6% from last year’s revenue of $8.53 billion.
Analyst Ratings: Analysts seem relatively indifferent about Assurant with seven of 10 analysts surveyed maintaining a hold rating.
Revenue has fallen in the past four quarters. Revenue declined 6.1% to $2.04 billion in first quarter. The figure fell 3.5% in the fourth quarter of the last fiscal year from the year earlier, dropped 2% in third quarter of the last fiscal year from the year-ago quarter and 5.9% in the second quarter of the last fiscal year.
Competitors to Watch: Hartford Financial Services (NYSE:HIG), American Financial Group (NYSE:AFG), HCC Insurance Hldgs., Inc. (NYSE:HCC), Hilltop Holdings Inc. (NYSE:HTH), The Allstate Corporation (NYSE:ALL), Old Republic Intl. Corp. (NYSE:ORI), American Intl. Group, Inc. (NYSE:AIG), The Travelers Companies, Inc. (NYSE:TRV), CNA Financial Corporation (NYSE:CNA), and The Chubb Corporation (NYSE:CB).
Stock Price Performance: During April 26, 2011 to July 22, 2011, the stock price had fallen $3.59 (-9%) from $38.28 to $34.69. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 9, 2010 when shares rose for eight-straight days, rising 7.8% (+$2.71) over that span. It saw one of its worst periods between May 27, 2011 and June 8, 2011 when shares fell for eight-straight days, falling 6% (-$2.22) over that span. Shares are down $3.84 (-9.97%) year to date.
(Source: Xignite Financials)