Everest Re Group Earnings Preview: Can This Streak Continue?

Everest Re Group (NYSE:RE) will report earnings after markets close on Tuesday, July 23rd. Everest Re Group, Ltd. provides reinsurance to property and casualty insurers in the United States and international markets. The Company also provides property and casualty insurance to policyholders in the United States and Canada. In addition, Everest Re offers excess and surplus lines insurance in the United States.

Here is your Cheat Sheet to Everest Re Group Earnings:

Earnings Expectations: Analysts expect earnings of $4.24 per share on revenues of $1.08 billion. Currently, the company’s P/E ratio stands at 7.41.

Analyst Trends:

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 $2.46 to a profit $2.6. For the current year, the average estimate is a profit of $16.73, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Everest Re Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,528 4,499 4,706 4,694 4,923
Diluted EPS ($) -0.30 13.22 10.70 -1.49 15.79

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 1,182.06 1,218.98 1,272.65 1,367.67
Diluted EPS ($) 4.08 4.82 1.13 7.50

Past Performance:
Everest Re Group has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)