Travelers Cos 2Q Earnings Pregame Scorecard
Last quarter Travelers Cos (NYSE:TRV) topped estimates by 49 cents per share, and it is scheduled to report again on Thursday.
Expectations
Analysts currently expect Travelers Cos to come in with earnings of $1.39 per share on revenues of $5.98 billion. Estimates range from $1.18 per share to $1.62 per share. Over the past two months, the average estimate has moved down from $1.46.
Last Quarter's Results
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.
Stock Ratings
Analysts think investors should stand pat on Travelers Cos with 11 of 22 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Stock Movement
In terms of price changes, the stock's best recent streak was when it gained $3.27 per share between June 1, 2012 and June 20, 2012. Looking at change over the last three months, from April 18, 2012 and July 13, 2012, the stock price is up $3.66 (6.2%), from $59.47 to $63.13.
Company Fundamental Trends On the heels of two-straight revenue increases, the company will look to maintain momentum with this earnings announcement. Even before climbing in the first quarter, revenue had increased 0.6% in the fourth quarter of the last fiscal year.
Summary
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
EPS: $1.39
Revenue Estimate: $5.98 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)