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S&P 500 (NYSE:SPY) component Assurant (NYSE:AIZ) will unveil its latest earnings on Wednesday, July 25, 2012. Assurant provides specialized insurance products and related services in North America and some international markets.
Assurant Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.41 per share, a rise of 85.5% 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 $1.42. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $5.93 per share, a rise of 30.3% from last year.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.76 per share versus a mean estimate of net income of $1.43 per share.
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A Look Back: In the first quarter, profit rose 15.2% to $163.3 million ($1.81 a share) from $141.7 million ($1.39 a share) the year earlier, exceeding analyst expectations. Revenue rose 1.8% to $2.07 billion from $2.04 billion.
Stock Price Performance: Between April 24, 2012 and July 19, 2012, the stock price fell $5.15 (-13%), from $39.59 to $34.44. The stock price saw one of its best stretches over the last year between January 11, 2012 and January 20, 2012, when shares rose for seven straight days, increasing 3.4% (+$1.30) over that span. It saw one of its worst periods between July 3, 2012 and July 12, 2012 when shares fell for seven straight days, dropping 4.8% (-$1.72) over that span.
Analyst Ratings: With four analysts rating the stock a sell, one rating it as a buy and five rating it as a hold, there are indications of a bearish outlook.
On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 0.3% in the fourth quarter of the last fiscal year before climbing again in the first quarter.
Wall St. Revenue Expectations: Analysts are projecting a rise of 1% in revenue from the year-earlier quarter to $2.08 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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