Prudential Financial Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Prudential Financial (NYSE:PRU) will unveil its latest earnings tomorrow, Wednesday, August 1, 2012. Prudential Financial offers a wide range of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services.

Prudential Financial Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.55 per share, a decline of 9.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.74. Between one and three months ago, the average estimate moved down. It also has dropped from $1.58 during the last month. For the year, analysts are projecting net income of $6.48 per share, a rise of 1.1% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 21 cents, coming in at profit of $1.56 per share against a mean estimate of net income of $1.71. The company topped expectations in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, the company swung to a loss of $967 million ($2.09 a share) from a profit of $608 million ($1.20) a year earlier, missing analyst expectations. Revenue fell 5.5% to $9.62 billion from $10.19 billion.

Stock Price Performance: Between May 1, 2012 and July 30, 2012, the stock price fell $11.97 (-19.77%), from $60.54 to $48.08. The stock price saw one of its best stretches over the last year between June 1, 2012 and June 8, 2012, when shares rose for six straight days, increasing 7.2% (+$3.23) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10 straight days, dropping 16.9% (-$9.14) over that span.

Wall St. Revenue Expectations: Analysts predict a rise of 4.7% in revenue from the year-earlier quarter to $10.63 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 10.8% in the second quarter of the last fiscal year, 49.7% in the third quarter of the last fiscal year and 44.3%in the fourth quarter of the last fiscal year before dropping in the first quarter.

Analyst Ratings: With 14 analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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