Genworth Financial (GNW) Q4 Earnings: What's In The Cards?
Zacks Investment Research | Feb 01, 2018 10:21PM ET
Genworth Financial Inc. (NYSE:GNW) is slated to report fourth-quarter 2017 results on Feb 6 after the market closes. Last quarter, the company missed the Zacks Consensus Estimate by 28.57%.
Let’s see, how things are shaping up for this announcement.
Genworth’s fourth-quarter results are likely to benefit from a better performance at its U.S. Mortgage Insurance. Improving U.S. housing market, strong loss mitigation programs, growing private mortgage insurance market, lower delinquency are anticipated to have driven performance at U.S. Mortgage Insurance segment. The Zacks Consensus Estimate for adjusted operating income is pegged at $57 million.
Genworth estimates 2017 Canada loss ratio between 20% and 30% compared with the range of 25-35%, guided earlier. For Australia, the loss ratio is projected between 40% and 50% in 2017 due to regional loss pressure and lower-than-expected earned premiums.
Investment results are expected to have gained from an improving rate environment. The Fed has hiked the interest rate in four of the last five quarters. The Zacks Consensus Estimate for the metric is pegged at $790 million.
However, performance in U.S. Life Insurance Division is likely to have remained soft in the to-be-reported quarter. The Zacks Consensus Estimate for adjusted operating income is pegged at $37 million.
With respect to its positive surprise trend, the company delivered an earnings beat in two of the last three quarters of 2017.
Genworth Financial Inc Price and EPS Surprise
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Primerica, Inc. (NYSE:PRI) has an Earnings ESP of +0.58%. The Zacks #2 Ranked company is slated to release fourth-quarter earnings on Feb 7.
Torchmark Corporation (NYSE:TMK) has an Earnings ESP of +0.12% and a Zacks Rank of 2. The company is scheduled to announce fourth-quarter earnings on Feb 7.
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