MetLife Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component MetLife, Inc. (NYSE:MET) will unveil its latest earnings on Thursday, October 27, 2011. MetLife provides individual insurance, employee benefits, and financial services.

MetLife, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.14 per share, a rise of 15.2% 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 $1.31. Between one and three months ago, the average estimate moved down. It also has dropped from $1.30 during the last month. Analysts are projecting profit to rise by 14.2% versus last year to $5.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.24 per share versus a mean estimate of net income of $1.11 per share.

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Wall St. Revenue Expectations: On average, analysts predict $16.49 billion in revenue this quarter, a rise of 27% from the year ago quarter. Analysts are forecasting total revenue of $65.7 billion for the year, a rise of 23.8% from last year’s revenue of $53.08 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit fell 20.6% to $1.24 billion ($1.13 a share) from $1.56 billion ($1.84 a share) the year earlier, but exceeded analyst expectations. Revenue rose 20.4% to $17.15 billion from $14.25 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 20.6% in the first quarter from the year earlier, climbed 4% in the fourth quarter of the last fiscal year from the year-ago quarter and 21.5% in the third 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), Hartford Financial Services (NYSE:HIG), Traveler’s (NYSE:TRV) Prudential Public Ltd. Co. (NYSE:PUK), Kansas City Life Insurance Co (NASDAQ:KCLI), Presidential Life Corp (NASDAQ:PLFE), American International Group (NYSE:AIG) and Independence Holding Co. (NYSE:IHC).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $6.69 (24.9%) from $26.82 to $33.51. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 10.6% (+$3.16) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 20.6% (-$8.47) over that span. Shares are down $10.93 (-24.6%) year to date.

(Source: Xignite Financials)

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