Genworth Financial Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Genworth Financial (NYSE:GNW) will unveil its latest earnings on Tuesday, October 30, 2012. Genworth Financial provides wealth management, insurance, investment and financial solutions to customers.

Genworth Financial Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 19 cents per share, a decline of 9.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 20 cents during the last month. Analysts are projecting profit to rise by 41.9% versus last year to 61 cents.

Past Earnings Performance: The company showed profit of 16 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.

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A Look Back: In the second quarter, the company swung to a profit of $76 million (16 cents a share) from a loss of $96 million (20 cents) a year earlier, but missed analyst estimates. Revenue fell 5% to $2.52 billion from $2.65 billion.

Stock Price Performance: Between July 31, 2012 and October 24, 2012, the stock price rose 37 cents (7.3%), from $5.04 to $5.41. The stock price saw one of its best stretches over the last year between October 3, 2012 and October 11, 2012, when shares rose for seven straight days, increasing 6.4% (+33 cents) over that span. It saw one of its worst periods between November 11, 2011 and November 23, 2011 when shares fell for nine straight days, dropping 23% (-$1.60) over that span.

Wall St. Revenue Expectations: Analysts predict a decline of 5.2% in revenue from the year-earlier quarter to $2.54 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 5.5% in the first quarter and dropped again in the second quarter.

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

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

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