American International Group AIG releases its next round of earnings this Thursday, August 4, 2011. Here's Benzinga's advanced look at American International Group's second quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of $1.01/share and revenues of $13.76 billion. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of $1.99/share on revenues of $17.4 billion. Investors are bracing themselves for Thursday when we'll learn if American International Group reports lower EPS and slightly reduced revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | -$0.15 | -$16.98 | $1.35 | $0.98 |
EPS Actual | $1.30 | -$16.20 | -$1.47 | $1.99 |
Stock Performance:
As of July 29, 2011, American International Group's current share price was $28.70. Shares are down 40.6% year to date. For a full 12 months, the return has declined by 16.9%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
- Long-term shareholders are already wary of 12-month losses prior to the announcement
Average Stock Rating:
The average rating by analysts for American International Group is a Hold. Over the past three months this rating's strength has declined slightly.
Competitors:
Want to check out the performance of American International Group closest competitors? Take a look at some of the company's peers in the financials sector.
- ACE ACE: Moderate Buy with a $2.01 recent quarter EPS
- American Financial Group AFG: Moderate Buy with a $0.81 recent quarter EPS
- Chubb CB: Hold with a $1.27 recent quarter EPS
- CNA CNA: Hold with a $0.80 recent quarter EPS
American International Group is in the insurance-multiline industry, which has experienced price/earnings growth of 0.1%.
Finally, a description of the company's main areas of operation: American International Group is a holding company which, through its subsidiaries, is engaged in insurance and insurance related activities in the global marketplace.
Take Action:
That's your advanced look at American International Group's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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