Genworth Financial, Inc. Second Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Genworth Financial, Inc. (NYSE:GNW) will unveil its latest earnings on Thursday, July 28, 2011. Genworth Financial Inc. provides wealth management, insurance, investment and financial solutions to customers. MetLife, Inc. Second Quarter Earnings Sneak Peek>>

Genworth Financial, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 24 cents per share, no change 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 27 cents. Between one and three months ago, the average estimate moved down and dropped from 25 cents during the last month. For the year, analysts are projecting profit of 92 cents per share, a rise of more than threefold from last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by one cent, reporting net income of of 20 cents per share against a mean estimate of profit of 21 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.65 billion in revenue this quarter, a rise of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $10.53 billion for the year, a rise of 4.4% from last year’s revenue of $10.09 billion.

Analyst Ratings: Analysts seem relatively indifferent about Genworth Financial with nine of 16 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 6.1% to $2.57 billion while the figure rose 5.3% in the fourth quarter of the last fiscal year from the year earlier and 11.5% in the third quarter of the last fiscal year.

Competitors to Watch: CNO Financial Group, Inc. (NYSE:CNO), American National Insurance Co. (NASDAQ:ANAT), AEGON N.V. (NYSE:AEG), MetLife, Inc. (NYSE:MET), Atlantic American Corp. (NASDAQ:AAME), Torchmark Corporation (NYSE:TMK), StanCorp Financial Group, Inc. (NYSE:SFG), Prudential Financial, Inc. (NYSE:PRU), and Lincoln National Corp. (NYSE:LNC).

Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen $3.27 (-26.8%) from $12.20 to $8.93. The stock price saw one of its best stretches over the last year between October 11, 2010 and October 20, 2010 when shares rose for eight-straight days, rising 5.4% (+69 cents) over that span. It saw one of its worst periods between May 2, 2011 and May 10, 2011 when shares fell for seven-straight days, falling 10.1% (-$1.27) over that span. Shares are down $4.21 (-32%) year to date.

(Source: Xignite Financials)

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