The Navigators Group Inc. Third Quarter Earnings Sneak Peek

The Navigators Group, Inc. (NASDAQ:NAVG) will unveil its latest earnings on Thursday, November 3, 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 62 cents per share, a decline of 27.1% 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 67 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 65 cents during the last month. Analysts are projecting profit to rise by 48.3% versus last year to $1.37.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 51 cents per share against an estimate of net income of 70 cents per share. The quarter before that, it missed expectations by 34 cents.

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Wall St. Revenue Expectations: On average, analysts predict $171 million in revenue this quarter, a rise of 1.6% from the year ago quarter. Analysts are forecasting total revenue of $671.4 million for the year, a decline of 13.6% from last year’s revenue of $777 million.

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

A Look Back: In the second quarter, profit fell 49.9% to $9.5 million (60 cents a share) from $19 million ($1.16 a share) the year earlier, missing analyst expectations. Revenue rose 2.6% to $194.3 million from $189.3 million.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 10.5%.

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 September 30, 2011 to October 28, 2011, the stock price had risen $3.33 (7.7%) from $43.21 to $46.54. 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. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 6.9% (-$3.42) over that span. Shares are down $3.81 (-7.6%) year to date.

(Source: Xignite Financials)

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