Genworth Financial Inc
) is set to report its first-quarter 2014 results on April 29.
Last quarter, the company had posted an impressive 26.67%
positive earnings surprise. Let's see how things are shaping up
for this announcement.
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Factors this Past Quarter
Approvals for rate increases for its long-term care in force
premium are expected to improve premiums in the quarter.
Lower new delinquency development and effective loss mitigation
programs along with changes in aging of existing delinquencies
should continue to aid favorable mortgage insurance results at
However, the introduction of new products and pricing changes in
the U.S. Life Insurance Division will likely weigh on sales until
the new product gains hold in the market and the company expands
its distribution reach.
Our proven model does not conclusively show that Genworth is
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
: Genworth has a 0.00% Zacks ESP. That is because the Most
Accurate Estimate as well as the Zacks Consensus Estimate stands
at 36 cents, leading to a difference of zero.
Zacks Rank #3
: Genworth's Zacks Rank #3 (Hold) when combined with a 0.00% ESP
makes surprise prediction difficult. We caution against stocks
with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the
earnings announcement, especially when the company is seeing a
negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
), earnings ESP of +1.22% and a Zacks Rank #2 (Buy).
Sun Life Financial Inc
) with Earnings ESP of +3.08% and Zacks Rank #2.
American International Group Inc
) with Earnings ESP of +0.94% and Zacks Rank #3 (Hold).