Lincoln National Corp Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Lincoln National Corp (NYSE:LNC) will unveil its latest earnings on Wednesday, November 2, 2011. Lincoln National offers a range of wealth protection, accumulation, and retirement income products and solutions through its multiple insurance and investment management businesses.

Lincoln National Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 94 cents per share, a rise of 49.2% 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 96 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 95 cents during the last month. Analysts are projecting profit to rise by 30.4% versus last year to $4.08.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of $1.09 per share against a mean estimate of net income of 94 cents, and the quarter before, the company exceeded forecasts by 16 cents with profit of $1.08 versus a mean estimate of net income of 92 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.76 billion in revenue this quarter, a rise of 6.6% from the year ago quarter. Analysts are forecasting total revenue of $11.1 billion for the year, a rise of 6.6% from last year’s revenue of $10.41 billion.

Analyst Ratings: 10 out of 16 analysts surveyed (62.5%) have a buy rating on Lincoln National.. This is below the mean analyst rating of 10 competitors, which average 73.5% buy ratings.

A Look Back: In the second quarter, profit rose 27.5% to $325 million ($1.01 a share) from $255 million (33 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.6% to $2.8 billion from $2.6 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 19.8% in the first quarter and 91.2% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 7.4% in the first quarter from the year earlier, climbed 11% in the fourth quarter of the last fiscal year from the year-ago quarter and 25.6% in the third quarter of the last fiscal year.

Competitors to Watch: National Western Life Insurance Co. (NASDAQ:NWLI), MetLife, Inc. (NYSE:MET), AEGON N.V. (NYSE:AEG), CNO Financial Group, Inc. (NYSE:CNO), Kansas City Life Insurance Co (NASDAQ:KCLI), Torchmark Corporation (NYSE:TMK), Presidential Life Corp (NASDAQ:PLFE), StanCorp Financial Group, Inc. (NYSE:SFG), Prudential Financial, Inc. (NYSE:PRU), and Independence Holding Co. (NYSE:IHC).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $4.93 (30%) from $16.41 to $21.34. 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 8.9% (+$2.37) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 22.7% (-$4.47) over that span. Shares are down $6.24 (-22.6%) year to date.

(Source: Xignite Financials)

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