Travelers Earnings on the Horizon

S&P 500 (NYSE:SPY) component Travelers Cos (NYSE:TRV) will unveil its latest earnings on Thursday, October 18, 2012. The Travelers Companies is a holding company that is engaged in providing commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals.

Travelers Cos Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.52 per share, a rise of 92.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.27. Between one and three months ago, the average estimate moved up. It has risen from $1.32 during the last month. For the year, analysts are projecting net income of $6.43 per share, a rise of 96% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported profit of $1.26 per share against a mean estimate of $1.37. Two quarters ago, it beat expectations by 49 cents with net income of $2.01.

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A Look Back: In the second quarter, the company swung to a profit of $499 million ($1.26 a share) from a loss of $364 million (88 cents) a year earlier, but missed analyst estimates. Revenue fell 0.5% to $6.36 billion from $6.39 billion.

Stock Price Performance: Between July 19, 2012 and October 12, 2012, the stock price rose $5.03 (7.9%), from $63.69 to $68.72. The stock price saw one of its best stretches over the last year between April 18, 2012 and April 26, 2012, when shares rose for seven straight days, increasing 8.9% (+$5.30) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 3.8% (-$2.46) over that span.

Analyst Ratings: There are mostly holds on the stock with 11 of 21 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 1.8% in the first quarter and 0.6% in the fourth quarter of the last fiscal year before falling in the second quarter.

Wall St. Revenue Expectations: On average, analysts predict $5.78 billion in revenue this quarter, a rise of 1.9% from the year-ago quarter. Analysts are forecasting total revenue of $22.78 billion for the year, a rise of 2.7% from last year’s revenue of $22.19 billion.

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

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