S&P 500 (NYSE:SPY) component Chubb (NYSE:CB) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Chubb is a holding company that provides property and casualty insurance business to a wide range of customers.
Chubb Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for a loss of 46 cents per share, a spike from profit of $1.63 in the year-ago quarter. During the past three months, the average estimate has moved down from $1.63. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 43 cents during the last month. For the year, analysts are projecting net income of $4.61 per share, a decline of 10% 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 47 cents, reporting profit of $1.98 per share against a mean estimate of net income of $1.51 per share.
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A Look Back: In the third quarter, profit rose 78.9% to $533 million ($1.98 a share) from $298 million ($1.04 a share) the year earlier, exceeding analyst expectations. Revenue fell 1.7% to $3.36 billion from $3.42 billion.
Here’s how Chubb traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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