The Chubb Corp Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component The Chubb Corp (NYSE:CB) will unveil its latest earnings on Thursday, October 20, 2011. Chubb is a holding company that provides property and casualty insurance business to a wide range of customers.

The Chubb Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 85 cents per share, a decline of 49.7% 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 $1.36. Between one and three months ago, the average estimate moved up. It has dropped from $1.43 during the last month. For the year, analysts are projecting profit of $5.14 per share, a decline of 12.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 26 cents, reporting net income of $1.27 per share against a mean estimate of profit of $1.01 per share.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: On average, analysts predict $2.82 billion in revenue this quarter, a rise of 3.3% from the year ago quarter. Analysts are forecasting total revenue of $11.69 billion for the year, a rise of 4% from last year’s revenue of $11.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, two rating it as a sell and seven rating it as a hold.

A Look Back: In the second quarter, profit fell 19.1% to $419 million ($1.42 a share) from $518 million ($1.59 a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.5% to $3.4 billion from $3.32 billion.

Key Stats:

The decrease in profit in the second quarter came after net income rose in the previous quarter. In the first quarter, net income rose 9.7%.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 2.9%.

Competitors to Watch: American Financial Group (NYSE:AFG), The Travelers Companies, Inc. (NYSE:TRV), CNA Financial Corporation (NYSE:CNA), White Mountains Insurance Group, Ltd. (NYSE:WTM), RLI Corp. (NYSE:RLI), Loews Corporation (NYSE:L), HCC Insurance Hldgs., Inc. (NYSE:HCC), W.R. Berkley Corporation (NYSE:WRB), OneBeacon Insurance Group, Ltd. (NYSE:OB), and Arch Capital Group Ltd. (NASDAQ:ACGL).

Stock Price Performance: During August 18, 2011 to October 14, 2011, the stock price had risen $3.61 (6.1%) from $59.26 to $62.87. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 3.9% (-$2.52) over that span. The stock price saw one of its best stretches over the last year between April 19, 2011 and May 2, 2011 when shares rose for nine-straight days, rising 7.8% (+$4.68) over that span. Shares are up $4.37 (+7.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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