Breaking News
0

Assurant (AIZ) To Report Q1 Earnings: What's In The Cards?

By Zacks Investment ResearchMay 01, 2019 10:28PM ET
www.investing.com/analysis/assurant-aiz-to-report-q1-earnings-whats-in-the-cards-200415918
Assurant (AIZ) To Report Q1 Earnings: What's In The Cards?
By Zacks Investment Research   |  May 01, 2019 10:28PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Assurant, Inc. (NYSE:AIZ) is slated to report first-quarter 2019 results on May 6, after market close. In the last reported quarter, the company delivered a positive earnings surprise.

Let’s see how things are shaping up for this announcement.

Assurant is likely to benefit from solid results at Global Lifestyle, Housing and Preneed business lines. The acquisition of The Warranty Group (TWG) is also likely to contribute.

The quarter is likely to benefit from diversified product and service portfolio, client partnerships and increased market share.

Improved interest rate environment and higher invested assets are expected to support better investment results.

All these factors combined are likely to drive revenue improvement. The Zacks Consensus estimate for revenues is pegged at $2.3 billion, indicating 42.2% increase from the year-ago reported figure.

Global Lifestyle is expected to benefit from growth at Connected Living and Global Automotive.

With respect to Global Housing, the company is estimated to witness better-than-expected results, primarily boosted by sustained revenue growth in multifamily housing, realignment of business and implementation of different expense management initiatives across this segment.

However, expenses may increase, mainly due to a possible increase in policyholder benefits, selling, underwriting, general and administrative expenses as well as interest expense.

Continued share buyback should aid the bottom line.

The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $2.13, implying an increase of 6.5% from the year-ago reported figure.

What Our Quantitative Model States

Our proven model does not conclusively show that Assurant is likely to beat on earnings in the to-be-reported period. This is because a stock needs to have both a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here as you will see below.

Earnings ESP: Assurant has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate as well as the Zacks Consensus Estimate is pegged at $2.13. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Assurant, Inc. Price and EPS Surprise

Zacks Rank: Assurant carries a Zacks Rank #4 (Sell). We caution against Zacks Rank #4 or 5 (Strong Sell) stocks going into an earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Some stocks from the insurance industry with the perfect mix of elements to outshine estimates this time around are as follows:

Essent Group Ltd. (NYSE:ESNT) is set to report first-quarter earnings on May 3. The company has an Earnings ESP of +3.13% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Everest Re Group, Ltd. (NYSE:RE) has an Earnings ESP of +3.17% and a Zacks Rank of 3. The company is scheduled to release first-quarter earnings on May 6.

Sun Life Financial Inc. (TO:SLF) has an Earnings ESP of +1.10% and a Zacks Rank of 3. The company is slated to announce first-quarter earnings on May 8.

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>



Essent Group Ltd. (ESNT): Free Stock Analysis Report

Sun Life Financial Inc. (SLF): Free Stock Analysis Report

Assurant, Inc. (AIZ): Free Stock Analysis Report

Everest Re Group, Ltd. (RE): Free Stock Analysis Report

Original post

Zacks Investment Research
Assurant (AIZ) To Report Q1 Earnings: What's In The Cards?
 
Assurant (AIZ) To Report Q1 Earnings: What's In The Cards?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email