Genworth Financial Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Genworth Financial Inc. (NYSE:GNW) will unveil its latest earnings on Thursday, November 3, 2011. Genworth Financial provides wealth management, insurance, investment and financial solutions to customers.

Genworth Financial Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 20 cents per share, a rise of more than threefold 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 24 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 22 cents during the last month. Analysts are projecting profit to rise by 84.6% versus last year to 48 cents.

Past Earnings Performance: Last quarter, the company topped expectations by one cent, coming in at a loss of 15 cents per share versus a mean estimate of net loss of 16 cents per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $2.63 billion in revenue this quarter, a rise of 2.7% from the year ago quarter. Analysts are forecasting total revenue of $10.55 billion for the year, a rise of 4.6% from last year’s revenue of $10.09 billion.

Analyst Ratings: Analysts seem relatively indifferent about Genworth with seven of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a loss of $96 million (20 cents a share) from a profit of $42 million (8 cents) a year earlier, but beat analyst expectations. Revenue rose 10.2% to $2.65 billion from $2.41 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 6.1% in the first quarter from the year earlier, climbed 5.3% in the fourth quarter of the last fiscal year from the year-ago quarter 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), Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM), Citigroup (NYSE:C) and Lincoln National Corp. (NYSE:LNC).

Stock Price Performance: During September 30, 2011 to October 28, 2011, the stock price had risen $1.11 (19.3%) from $5.74 to $6.85. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 6.1% (+61 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 $6.29 (-47.9%) year to date.

(Source: Xignite Financials)

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