Unum Group Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Unum Group (NYSE:UNM) will unveil its latest earnings on Wednesday, October 31, 2012. Unum Group provides group and individual disability products in the United States and provides a portfolio of other insurance products, including longterm care insurance, life insurance and employee-paid group benefits.

Unum Group Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 77 cents per share, a rise 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 79 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 77 cents during the last month. Analysts are projecting profit to rise by 4.1% versus last year to $3.07.

Last quarter, the company came in at profit of 79 cents per share against a mean estimate of net income of 76 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 3 cents.

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Stock Price Performance: Between August 1, 2012 and October 25, 2012, the stock price rose $1.92 (10.3%), from $18.60 to $20.52. 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 5.7% (+$1.06) over that span. It saw one of its worst periods between May 7, 2012 and May 18, 2012 when shares fell for 10 straight days, dropping 9.7% (-$2.14) over that span.

A Look Back: In the second quarter, profit fell 5.8% to $216.4 million (76 cents a share) from $229.8 million (75 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.1% to $2.62 billion from $2.56 billion.

Analyst Ratings: There are mostly holds on the stock with 10 of 14 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 0.7% in the third quarter of the last fiscal year, 0.5% in the fourth quarter of the last fiscal year and 1.9% in the first quarter before increasing again in the second quarter.

Wall St. Revenue Expectations: Analysts are projecting a rise of 1.6% in revenue from the year-earlier quarter to $2.61 billion.

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

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