S&P 500 (NYSE:SPY) component The Chubb Corp (NYSE:CB) will unveil its latest earnings on Thursday, July 21, 2011. The Chubb Corporation is a holding company that provides property and casualty insurance business to a wide range of customers.
The Chubb Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.02 per share, a decline of 27.7% 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 $1.47. Between one and three months ago, the average estimate moved down and dropped from $1.33 during the last month. For the year, analysts are projecting net income of $5.29 per share, a decline of 10.3% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 22 cents, reporting profit of $1.35 per share against a mean estimate of net income of $1.13 per share.
Wall St. Revenue Expectations: On average, analysts predict $2.94 billion in revenue this quarter, a rise of 1.7% from the year ago quarter. Analysts are forecasting total revenue of $11.5 billion for the year, a rise of 2.3% from last year’s revenue of $11.24 billion.
Analyst Ratings: Analysts are bullish on Chubb as eight analysts rate it as a buy, three rate it as a sell and 10 rate it as a hold.
The increase in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 9.7% from the year earlier, while the figure dropped 10.8% in the fourth quarter of the last fiscal year, 4% in the third quarter of the last fiscal year and 6% in the second quarter of the last fiscal year.
A year-over-year revenue increase in the first quarter snaps a streak of two consecutive quarters of revenue declines. Revenue rose 2.9% in the first quarter and fell 1.6% in the fourth quarter of the last fiscal year and 1.6% in the third quarter of the last fiscal year.
Competitors to Watch: American Financial Group (NYSE:AFG), The Travelers Companies, Inc. (NYSE:TRV), CNA Financial Corporation (NYSE:CNA), White Mountains Insurance Group, Ltd. (NYSE:WTM), RLI Corp. (NYSE:RLI), Loews Corporation (NYSE:L), HCC Insurance Hldgs., Inc. (NYSE:HCC), W.R. Berkley Corporation (NYSE:WRB), OneBeacon Insurance Group, Ltd. (NYSE:OB), American Insurance Group (NYSE:AIG) and Arch Capital Group Ltd. (NASDAQ:ACGL).
Stock Price Performance: During May 18, 2011 to July 18, 2011, the stock price had fallen $4.23 (-6%) from $65.44 to $61.21. The stock price saw one of its best stretches over the last year between April 19, 2011 and May 2, 2011 when shares rose for nine-straight days, rising 7.9% (+$4.72) over that span. It saw one of its worst periods between January 3, 2011 and January 11, 2011 when shares fell for seven-straight days, falling 4.1% (-$2.43) over that span. Shares are up $1.57 (+2.63%) year to date.
(Source: Xignite Financials)
Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!