Principal Financial Group, Inc. Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Principal Financial Group, Inc. (NYSE:PFG) will unveil its latest earnings on Monday, August 1, 2011. Principal Financial Group Inc. promotes investment, saving, and insurance products and services in the U.S. and some international markets.

Principal Financial Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 73 cents per share, a rise of 15.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $2.98 per share, a rise of 8.4% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 71 cents per share versus a mean estimate of net income of 71 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.07 billion in revenue this quarter, a rise of 4.5% from the year ago quarter. Analysts are forecasting total revenue of $8.43 billion for the year, a rise of 4.9% from last year’s revenue of $8.04 billion.

Analyst Ratings: Analysts seem relatively indifferent about Principal Financial Group with 12 of 17 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 2% in the first quarter and rose 6.3%in the fourth quarter of the last fiscal year, 0.8% in the third quarter of the last fiscal year and 3.5% in the second quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 2.2%. The quarter with the biggest boost was the fourth quarter of the last fiscal year, which saw a 38.2% surge.

Competitors to Watch: Unum Group (NYSE:UNM), AFLAC Incorporated (NYSE:AFL), American Independence Corp. (NASDAQ:AMIC), CIGNA Corporation (NYSE:CI), WellPoint, Inc. (NYSE:WLP), Universal American Corp. (NYSE:UAM), Humana Inc. (NYSE:HUM), HealthMarkets, Inc. (NYSE:UCI), American Insurance Group (NYSE:AIG) and Triple-S Management Corp. (NYSE:GTS).

Stock Price Performance: During April 29, 2011 to July 26, 2011, the stock price had fallen $5.37 (-15.9%) from $33.75 to $28.38. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 10.4% (+$3.18) over that span. It saw one of its worst periods between April 29, 2011 and May 5, 2011 when shares fell for five-straight days, falling 7.6% (-$2.57) over that span. Shares are down $4.18 (-12.8%) year to date.

(Source: Xignite Financials)

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