Assurant Inc. Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Assurant Inc. (NYSE:AIZ) will unveil its latest earnings on Wednesday, October 26, 2011. Assurant provides specialized insurance products and related services in North America and some international markets.

Assurant Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 82 cents per share, a decline of 35.4% 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 $1.11. Between one and three months ago, the average estimate moved down. It also has dropped from $1.08 during the last month. Analysts are projecting profit to rise by 14.5% versus last year to $4.29.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of 76 cents per share versus a mean estimate of profit of 88 cents per share. In the first quarter, the company beat estimates by 15 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.03 billion in revenue this quarter, a decline of 3.8% from the year ago quarter. Analysts are forecasting total revenue of $8.15 billion for the year, a decline of 4.5% from last year’s revenue of $8.53 billion.

Analyst Ratings: Analysts are bullish on Assurant as four analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

A Look Back: In the second quarter, profit rose 0.7% to $165.9 million ($1.68 a share) from $164.7 million ($1.46 a share) the year earlier, but fell short analyst expectations. Revenue fell 3.6% to $2.06 billion from $2.14 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 6.1% in the first quarter from the year earlier, dropped 3.5% in fourth quarter of the last fiscal year from the year-ago quarter and 2% in the third 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 September 22, 2011 to October 20, 2011, the stock price had risen $4.96 (14.8%) from $33.52 to $38.48. 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 7.7% (+$2.69) 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% (-$2.21) over that span. Shares are up 49 cents (+1.3%) year to date.

(Source: Xignite Financials)

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