Metlife Earnings Preview: Can This Streak Continue?
Metlife (NYSE:MET) will report earnings after markets close on Wednesday, May 1st. MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company’s products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.
Here is your Cheat Sheet to Metlife Earnings:
Earnings Expectations: Analysts expect earnings of $1.30 per share on revenues of $17.31 billion. Currently, the company’s P/E ratio stands at 34.12.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.32 to a profit $1.31. For the current year, the average estimate is a profit of $5.28, which is better than the estimate ninety days ago.
Here’s how Metlife has been performing on an annual basis:
|Revenue ($) in millions||50,980||41,060||52,250||70,240||68,150|
|Diluted EPS ($)||4.14||-2.89||2.86||5.76||1.12|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||16,740||15,920||18,400||16,500||17,330|
|Diluted EPS ($)||0.8993||-0.16||2.12||-0.92||0.0875|
Metlife has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)