Hartford Finl Svcs Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Hartford Finl Svcs (NYSE:HIG) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Hartford Financial Services Group provides investment products and insurance products in the United States.

Hartford Finl Svcs Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 30 cents per share, a decline of 56.5% from the company’s actual earnings for the year-ago quarter. 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 has risen from 28 cents during the last month. Analysts are projecting profit to rise by 33.5% compared to last year’s $2.59.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net income of 78 cents per share against an estimate of profit of 82 cents per share. The quarter before that, it missed forecasts by 25 cents.

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Stock Price Performance: Between November 29, 2012 and January 29, 2013, the stock price had risen $3.75 (17.7%), from $21.14 to $24.89. The stock price saw one of its best stretches over the last year between January 14, 2013 and January 22, 2013, when shares rose for six straight days, increasing 3.4% (+81 cents) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 13.6% (-$2.68) over that span.

Here’s how Hartford Financial Services Group traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Wall St. Revenue Expectations: On average, analysts predict $6.3 billion in revenue this quarter, a rise of 11.7% from the year-ago quarter. Analysts are forecasting total revenue of $23.04 billion for the year, a rise of 5.3% from last year’s revenue of $21.87 billion.

Analyst Ratings: There are mostly holds on the stock with nine of 17 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 15.3% in the second quarter after increasing in the third quarter.

A Look Back: In the third quarter, profit remained level at $401 million (83 cents a share) from the year earlier, missing analyst estimates. Revenue rose 42.5% to $6.44 billion from $4.52 billion.

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