Torchmark Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Torchmark (NYSE:TMK) will unveil its latest earnings on Wednesday, October 24, 2012. Torchmark is an insurance holding company that provides a variety of life and health insurance products and annuities.

Torchmark Earnings Preview Cheat Sheet

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A Look Back: In the second quarter, profit fell 13.4% to $129 million ($1.32 a share) from $148.9 million ($1.32 a share) the year earlier. Revenue rose 1% to $885.8 million from $877.3 million.

Wall St. Revenue Expectations: Analysts predict a rise of 4.9% in revenue from the year-earlier quarter to $878.4 million.

Stock Price Performance: Between July 25, 2012 and October 18, 2012, the stock price rose $1.57 (3.1%), from $50.37 to $51.94. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 6.3% (+$3.03) over that span. It saw one of its worst periods between July 18, 2012 and July 26, 2012 when shares fell for seven straight days, dropping 5.4% (-$2.78) over that span.

Key Stats:

The company is hoping to rebound with this earnings release after a net income drop last quarter. Net income rose 12.5% in the first quarter before dropping in the second quarter.

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 8.3% in the first quarter before climbing again in the second quarter.

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

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