Partnerre Earnings Preview: Can This Streak Continue?

Partnerre (NYSE:PRE) will report earnings after markets close on Monday, April 29th. PartnerRe Ltd. provides multi-line reinsurance to insurance companies on a worldwide basis through its wholly owned subsidiaries. The Company offers catastrophe, property, automobile, marine, space and aviation, credit/surety, miscellaneous casualty lines, life/annuity. and health.

Here is your Cheat Sheet to Partnerre Earnings:

Earnings Expectations: Analysts expect earnings of $2.36 per share on revenues of $1.54 billion. Currently, the company’s P/E ratio stands at 5.47.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.85 to a profit $2.01. For the current year, the average estimate is a profit of $8.57, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Partnerre has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,980 5,418 5,861 5,352 5,563
Diluted EPS ($) 0.22 23.51 10.46 -8.40 16.87

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 ($) in millions 1,415 1,332 1,285 1,633 1,313
Diluted EPS ($) -0.53 5.24 2.50 7.53 1.60

Past Performance:
Partnerre 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)