The Navigators Group, Inc. Second Quarter Earnings Sneak Peek

The Navigators Group, Inc. (NASDAQ:NAVG) will unveil its latest earnings on Thursday, August 4, 2011. 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 estimate of analysts is for net income of 70 cents per share, a decline of 4.1% 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 81 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 70 cents during the last month. For the year, analysts are projecting profit of $1.70 per share, a decline of 35.8% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 43 cents per share versus a mean estimate of profit of 77 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $167.7 million in revenue this quarter, a rise of 3.9% from the year ago quarter. Analysts are forecasting total revenue of $659 million for the year, a decline of 15.2% from last year’s revenue of $777 million.

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

Key Stats:

Navigators Group’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $7.9 million in the first quarter, a profit of $17.3 million in the fourth quarter of the last fiscal year, a profit of $16.2 million in the third of the last fiscal year and a profit of $19 million in the second quarter of the last fiscal year.

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 10.5% to $169.2 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 4.2%.

Competitors to Watch: W.R. Berkley Corporation (NYSE:WRB), Allied World Assurance Co Hldgs., AG. (NYSE:AWH), RLI Corp. (NYSE:RLI), White Mountains Insurance Group, Ltd. (NYSE:WTM), The Travelers Companies, Inc. (NYSE:TRV), Markel Corporation (NYSE:MKL), Global Indemnity plc (NASDAQ:GBLI), Tower Group, Inc. (NASDAQ:TWGP), and CNA Financial Corporation (NYSE:CNA).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $3.01 (-6%) from $50.15 to $47.14. It saw one of its worst periods between April 29, 2011 and May 11, 2011 when shares fell for nine-straight days, falling 10.6% (-$5.51) over that span. The stock price saw one of its best stretches over the last year between March 24, 2011 and April 4, 2011 when shares rose for eight-straight days, rising 5.5% (+$2.72) over that span. Shares are down $3.21 (-6.4%) year to date.

(Source: Xignite Financials)

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