Reinsurance Group of America Fourth Quarter Earnings Sneak Peek

Reinsurance Group of America Inc (NYSE:RGA) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Reinsurance Group of America is an insurance holding company engaged in traditional individual and group life, asset-intensive, critical illness and financial reinsurance.

Reinsurance Group of America Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.80 per share, a decline of 5.8% 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. It also has not changed during the last month. For the year, analysts are projecting net income of $6.32 per share, a decline of 13.2% from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of $1.35 per share against an estimate of net income of $1.84 per share. The quarter before that, it missed forecasts by 13 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.59 billion in revenue this quarter, a rise of 10.2% from the year-ago quarter. Analysts are forecasting total revenue of $9.54 billion for the year, a rise of 8% from last year’s revenue of $8.83 billion.

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

A Look Back: In the third quarter, profit fell 2% to $144.5 million ($1.95 a share) from $147.4 million ($1.98 a share) the year earlier, missing analyst expectations. Revenue rose 22.8% to $2.45 billion from $1.99 billion.

Here’s how Reinsurance Group of America traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 3.3% in the fourth quarter of the last fiscal year, 0.5% in the first quarter and 7.8% in the second quarter before increasing again in the third quarter.

The company is hoping to rebound with this earnings release after a net income drop last quarter. Net income rose 6.2% in the second quarter before dropping in the third quarter.

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