Assurant Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Assurant (NYSE:AIZ) will unveil its latest earnings on Wednesday, October 24, 2012. Assurant provides specialized insurance products and related services in North America and some international markets.

Assurant Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.39 per share, a rise of 75.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.23. Between one and three months ago, the average estimate moved up. It has risen from $1.27 during the last month. For the year, analysts are projecting profit of $6.48 per share, a rise of 42.4% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 40 cents, coming in at net income of $1.81 a share versus the estimate of profit of $1.41 a share. It marked the fourth straight quarter of beating estimates.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

Stock Price Performance: Between July 25, 2012 and October 18, 2012, the stock price rose $7.69 (23.1%), from $33.31 to $41. The stock price saw one of its best stretches over the last year between August 28, 2012 and September 7, 2012, when shares rose for eight straight days, increasing 9.2% (+$3.07) over that span. It saw one of its worst periods between July 3, 2012 and July 12, 2012 when shares fell for seven straight days, dropping 4.8% (-$1.72) over that span.

Analyst Ratings: There are mostly holds on the stock with five of nine analysts surveyed giving that rating.

A Look Back: In the second quarter, profit rose 2% to $169.2 million ($1.94 a share) from $165.9 million ($1.68 a share) the year earlier, exceeding analyst expectations. Revenue rose 3.2% to $2.13 billion from $2.06 billion.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 0.3% in the fourth quarter of the last fiscal year and 1.8% in the first quarter before climbing again in the second quarter.

Wall St. Revenue Expectations: Analysts predict a rise of 1.5% in revenue from the year-earlier quarter to $2.09 billion.

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 by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Is Starbucks a Buy?

Bank of America’s Stock After Earnings: Buy, Wait, Or Stay Away?

Are Netflix Shares a Buy After This Strategic Move?