The Navigators Group, Inc. First Quarter Earnings Sneak Peek

The Navigators Group, Inc. (NASDAQ:NAVG) will unveil its latest earnings on Thursday, May 3, 2012. Navigators Group is an international insurance holding company focusing on specialty products within the overall property/casualty insurance market.

The Navigators Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 41 cents per share, a decline of 4.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 69 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 49 cents during the last month. For the year, analysts are projecting profit of $2.52 per share, a rise of twofold from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 41 cents per share against a mean estimate of 69 cents. Two quarters ago, it beat expectations by 18 cents with profit of 80 cents.

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Wall St. Revenue Expectations: On average, analysts predict $191.1 million in revenue this quarter, a rise of 25.3% from the year-ago quarter. Analysts are forecasting total revenue of $794.5 million for the year, a rise of 14.9% from last year’s revenue of $691.6 million.

Analyst Ratings: Analysts seem relatively indifferent about Navigators Group with seven of eight analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 41.8% to $10.1 million (69 cents a share) from $17.3 million ($1.07 a share) the year earlier, missing analyst expectations. Revenue rose 2.7% to $211.3 million from $205.9 million.

Key Stats:

Revenue rose in the fourth quarter of the last fiscal year after seeing a drop the quarter before. In the third quarter of the last fiscal year, revenue fell 0.6%.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price fell $2.31 (-4.6%), from $49.93 to $47.62. The stock price saw one of its best stretches over the last year between April 23, 2012 and April 27, 2012, when shares rose for five straight days, increasing 4.6% (+$2.10) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 6.9% (-$3.42) over that span.

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

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