Hartford Financial Services Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Hartford Financial Services (NYSE:HIG) will unveil its latest earnings on Tuesday, February 7, 2012. Hartford Financial Services Group provides investment products and insurance products in the United States.

Hartford Financial Services Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 59 cents per share, a decline of 44.3% 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 87 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 60 cents during the last month. Analysts are projecting profit to rise by 44.3% versus last year to $1.85.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the third quarter, it missed the mark by 18 cents as a result of reporting profit of 5 cents against an estimate of net income of 23 cents per share. In the second quarter, the company fell short of forecasts by one cent.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of more than twofold in revenue from the year-earlier quarter to $5.77 billion.

Analyst Ratings: Analysts seem relatively indifferent about Hartford Financial Services with nine of 17 analysts surveyed maintaining a hold rating.

Revenue fell 32.3% to $4.52 billion from $6.67 billion.

Key Stats:

Revenue fell in the third quarter after seeing a rise the quarter before. In the second quarter, revenue rose 61.9%.

Stock Price Performance: During January 3, 2012 to February 1, 2012, the stock price had risen $1.40 (8.3%) from $16.81 to $18.21. The stock price saw one of its best stretches over the last year between November 25, 2011 and December 7, 2011 when shares rose for nine-straight days, rising 21.9% (+$3.36) over that span. It saw one of its worst periods between August 15, 2011 and August 23, 2011 when shares fell for seven-straight days, falling 18.6% (-$3.80) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Earnings Preview Stories:

Sohu.com Inc. Fourth Quarter Earnings Sneak Peek

Humana Inc. Fourth Quarter Earnings Sneak Peek

Yum! Brands Inc. Fourth Quarter Earnings Sneak Peek

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com