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S&P 500 (NYSE:SPY) component Travelers Cos (NYSE:TRV) will unveil its latest earnings on Thursday, July 19, 2012. The Travelers Companies is a holding company that is engaged in providing commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals.
Travelers Cos Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.39 per share, up from net loss of 91 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from $1.41. Between one and three months ago, the average estimate moved up. It has dropped from $1.45 during the last month. Analysts are projecting profit to rise by 92.4% compared to last year’s $6.31.
Past Earnings Performance: Last quarter, the company topped expectations by 49 cents, coming in at net income of $2.01 per share versus a mean estimate of profit of $1.52 per share. This followed two straight quarters of missing estimates.
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Stock Price Performance: Between April 18, 2012 and July 13, 2012, the stock price rose $3.66 (6.2%), from $59.47 to $63.13. The stock price saw one of its best stretches over the last year between April 18, 2012 and April 26, 2012, when shares rose for seven straight days, increasing 8.9% (+$5.30) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 3.8% (-$2.46) over that span.
A Look Back: In the first quarter, profit fell 3.9% to $806 million ($2.02 a share) from $839 million ($1.92 a share) the year earlier, but exceeded analyst expectations. Revenue rose 1.8% to $6.39 billion from $6.28 billion.
Wall St. Revenue Expectations: Analysts predict a rise of 2.7% in revenue from the year-earlier quarter to $5.98 billion.
On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 0.6% in the fourth quarter of the last fiscal year before climbing again in the first quarter.
Analyst Ratings: With 11 analysts rating the stock as a buy, none rating it as a sell and 11 rating it as a hold, there are indications of a bullish outlook.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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