Investors are Watching These Financial Stock Earnings Reports This Week

Axis Capital Holdings Limited (NASDAQ:AXS) will unveil its latest earnings on Tuesday, February 7, 2012. The average estimate of analysts is for profit of 48 cents per share, a decline of 66% 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 $1.10. Between one and three months ago, the average estimate moved up. It has dropped from $1.11 during the last month. For the year, analysts are projecting a loss of $1.31 per share, a swing from net income of $4.60 last year.

The company showed profit of 74 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates. On average, analysts predict $514.8 million in revenue this quarter, a rise of 5.4% from the year ago quarter. Analysts are forecasting total revenue of $3.44 billion for the year, a rise of 9.2% from last year’s revenue of $3.15 billion.

Competitors to Watch: Aspen Insurance Hldgs. Ltd. (NYSE:AHL), Validus Holdings, Ltd. (NYSE:VR), RenaissanceRe Hldgs. Ltd. (NYSE:RNR), PartnerRe Ltd. (NYSE:PRE), Flagstone Reinsurance Hldgs. SA (NYSE:FSR), Platinum Underwriters Hldgs., Ltd. (NYSE:PTP), Montpelier Re Hldgs. Ltd. (NYSE:MRH), Everest Re Group, Ltd. (NYSE:RE), and Maiden Holdings, Ltd. (NASDAQ:MHLD).

Hartford Financial Services (NYSE:HIG) will unveil its latest earnings on Tuesday, February 7, 2012. 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.

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

Competitors to Watch: American Intl. Group, Inc. (NYSE:AIG), HCC Insurance Hldgs., Inc. (NYSE:HCC), American Financial Group (NYSE:AFG), RLI Corp. (NYSE:RLI), Selective Insurance Group (NASDAQ:SIGI), Assurant, Inc. (NYSE:AIZ), First Mercury Financial Corp. (NYSE:FMR), The Travelers Companies, Inc. (NYSE:TRV), CNA Financial Corporation (NYSE:CNA), and Hallmark Financial Services, Inc. (NASDAQ:HALL).

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