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Principal Financial Group Inc. Third Quarter Earnings Sneak Peek

S&P 500 component Principal Financial Group Inc. will unveil its latest earnings on Thursday, October 27, 2011. Principal Financial Group promotes investment, saving, and insurance products and services in the U.S. and some international markets.

Principal Financial Group Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 72 cents per share, a rise of 5.9% 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 75 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 74 cents during the last month. Analysts are projecting profit to rise by 5.8% versus last year to $2.91.

Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the second quarter, it reported profit of 73 cents per share and two quarters ago booked net income of 71 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.08 billion in revenue this quarter, a rise of 4.5% from the year ago quarter. Analysts are forecasting total revenue of $8.44 billion for the year, a rise of 5% from last year’s revenue of $8.04 billion.

Analyst Ratings: Analysts seem relatively indifferent about Principal Financial Group with nine of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 87.1% to $266.3 million (80 cents a share) from $142.3 million (42 cents a share) the year earlier, meeting analyst expectations. Revenue rose 4.9% to $2.34 billion from $2.23 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 2.8% in the first quarter and 38.2% in the fourth quarter of the last fiscal year.

Over the last four quarters, revenue has increased 2.5% on average year over year. The biggest increase came in the fourth quarter of the last fiscal year, when revenue rose 6.3% from the year earlier quarter.

Competitors to Watch: Unum Group , AFLAC Incorporated , American Independence Corp. , CIGNA Corporation , WellPoint, Inc. , Universal American Corp. , Humana Inc. , HealthMarkets, Inc. and Triple-S Management Corp. .

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $3.07 (13.4%) from $22.89 to $25.96. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 10.4% (+$3.18) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 11.8% (-$3.03) over that span. Shares are down $6.60 (-20.3%) year to date.

(Source: Xignite Financials)

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