S&P 500 component American International Group, Inc. will unveil its latest earnings on Thursday, February 23, 2012. American International Group is a holding company that is engaged in insurance and insurance-related activities in the global marketplace.
American International Group, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 61 cents per share, a swing from net loss of $16.20 in the year-earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 60 cents during the last month. For the year, analysts are projecting profit of 77 cents per share, a swing from a loss of $6.57 last year.
Past Earnings Performance: Last quarter, the company missed estimates by $1.52, coming in at net loss of $1.60 per share against an estimate of a loss of. In the second quarter, the company also missed expectations.
Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?
Wall St. Revenue Expectations: Analysts are projecting a decline of 37.4% in revenue from the year-earlier quarter to $13.19 billion.
Analyst Ratings: Analysts seem relatively indifferent about American International Group with 12 of 15 analysts surveyed maintaining a hold rating.
A Look Back: In the third quarter, the company’s loss widened to a loss of a $4.11 billion ($2.16 a share) from a loss of $2.4 billion ($17.62) a year earlier, missing analyst expectations. Revenue fell 33.4% to $12.72 billion from $19.09 billion.
Key Stats:
In the latest quarter, American International Group reported a loss that snapped a three-quarter streak of profit. The company reported a profit of $1.84 billion in the second quarter, a profit of $269 million in the first and a profit of $11.05 billion in the fourth quarter of the last fiscal year.
Revenue has dropped in the last two quarters. In the second quarter, the figure fell 16.5%.
Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $6.22 (29.6%), from $21.01 to $27.23. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011, when shares rose for six straight days, increasing 8.9% (+$2.08) over that span. It saw one of its worst periods between April 5, 2011 and April 19, 2011 when shares fell for 11 straight days, dropping 8.2% (-$2.86) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories:
Food Inflation Hits Consumers in the Wallet and Stomach>>
Facebook Could Make $1.2 Billion from Mobile Advertising in Major Markets>>
1 comment