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American Intl Group Third Quarter Earnings Preview
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AIG
American Intl Group (NYSE:AIG) will announce its third quarter earnings on Thursday, November 1, 2012. Analysts have become increasingly bullish on the company in the last month, with consensus earnings per share estimate moving up from 73 cents a share to the current expectation of earnings of 85 cents a share.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: How To Decode A Company's Earnings Reports
What to Expect: The average earnings estimate for AIG is up from a loss of $1.60 a year ago.
Over the past three months, this has increased from 64 cents. For the fiscal year, analysts are expecting earnings of $4.43 per share.
AIG's expected revenue of $8.7 billion for the quarter is below last year's reported figure of $12.72 billion by 31.6%. The anticipated revenue for the fiscal year is $35.26 billion.
Company Performance: Revenue has declined 11.2% on average over the last four quarters. The third quarter of the last fiscal year marked the biggest decline of 33.4% from the year-earlier quarter.
P/E ratio for AIG is 2.9. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
Over the past quarter, the stock price has risen to $34.72 from $31.27 on July 31, 2012. Currently, AIG's stock is on a downward trend. The share price has fallen 98 cents since October 19, 2012.
The Competition: American International Group is a holding company that is engaged in insurance and insurance-related activities in the global marketplace. Analysts are optimistic about AIG, with 10 of 18 assigning it a buy rating. The rating has remained steadfast for the past three months.
The company's closest competitor in the insurance (prop. and casualty) industry is Travelers (TRV). Analysts are more optimistic about AIG than about Travelers. Only 11 out of 22 analysts rate the latter a buy.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: How To Decode A Company's Earnings Reports
What to Expect: The average earnings estimate for AIG is up from a loss of $1.60 a year ago.
Over the past three months, this has increased from 64 cents. For the fiscal year, analysts are expecting earnings of $4.43 per share.
AIG's expected revenue of $8.7 billion for the quarter is below last year's reported figure of $12.72 billion by 31.6%. The anticipated revenue for the fiscal year is $35.26 billion.
Company Performance: Revenue has declined 11.2% on average over the last four quarters. The third quarter of the last fiscal year marked the biggest decline of 33.4% from the year-earlier quarter.
Over the past quarter, the stock price has risen to $34.72 from $31.27 on July 31, 2012. Currently, AIG's stock is on a downward trend. The share price has fallen 98 cents since October 19, 2012.
The Competition: American International Group is a holding company that is engaged in insurance and insurance-related activities in the global marketplace. Analysts are optimistic about AIG, with 10 of 18 assigning it a buy rating. The rating has remained steadfast for the past three months.
The company's closest competitor in the insurance (prop. and casualty) industry is Travelers (TRV). Analysts are more optimistic about AIG than about Travelers. Only 11 out of 22 analysts rate the latter a buy.
by
Investopedia Staff
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