S&P 500 (NYSE:SPY) component MetLife, Inc. (NYSE:MET) will unveil its latest earnings on Thursday, July 28, 2011. MetLife, Inc. provides individual insurance, employee benefits and financial services throughout the United States and the regions of Latin America, Europe, and Asia Pacific.
MetLife, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.11 per share, a decline of 9.8% 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 $1.28. Between one and three months ago, the average estimate moved down and dropped from $1.23 during the last month. For the year, analysts are projecting net income of $5.09 per share, a rise of 16.2% from last year.
Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of $1.33 per share against the mean estimate of $1.26. In the prior quarter, the company reported net income of $1.14.
Wall St. Revenue Expectations: On average, analysts predict $16.12 billion in revenue this quarter, a rise of 25.6% from the year ago quarter. Analysts are forecasting total revenue of $64.66 billion for the year, a rise of 21.8% from last year’s revenue of $53.08 billion.
Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.
Revenue has risen the past four quarters. Revenue increased 20.6% to $15.91 billion in first quarter. The figure rose 4% in the fourth quarter of the last fiscal year from the year earlier, climbed 21.5% in the third quarter of the last fiscal year from the year-ago quarter and 72.3% in the second quarter of the last fiscal year.
Competitors to Watch: Prudential Financial, Inc. (NYSE:PRU), CNO Financial Group, Inc. (NYSE:CNO), Torchmark Corporation (NYSE:TMK), StanCorp Financial Group, Inc. (NYSE:SFG), Lincoln National Corp. (NYSE:LNC), American International Group (NYSE:AIG), Prudential Public Ltd. Co. (NYSE:PUK), Kansas City Life Insurance Co (NASDAQ:KCLI), Presidential Life Corp (NASDAQ:PLFE), and Independence Holding Co. (NYSE:IHC).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen $3.63 (-8%) from $45.37 to $41.74. 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 8.3% (+$3.39) over that span. It saw one of its worst periods between April 12, 2011 and April 19, 2011 when shares fell for six-straight days, falling 3.3% (-$1.49) over that span. Shares are down $2.70 (-6.1%) year to date.
(Source: Xignite Financials)