Genworth Financial (GNW) : Earnings Preview

Genworth Financial, Inc. (GNW) is scheduled to release its 2Q’15 earnings results after the closing bell on Tuesday. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.26 per share, down from $0.34 in the same quarter last year. Revenue is projected to post a 1.23% yoy decline to $2.39 billion from $2.42 billion a year earlier.

As a quick reminder, GNW reported 1Q/15 EPS of $0.31, $0.05 better than the Street’s consensus estimate. Revs increased marginally year-over-year to $2.33 billion from $2.32 billion versus the $2.41 billion consensus.

On valuation measures, Genworth Financial, Inc, currently valued at $3.45 billion, has a median Wall Street price target of $9.00 with a high target of $15.00. Over the past year, shares of Richmond, Virginia-based company have traded between a low of $6.75 and a high of $14.32 with the 50-day MA and 200-day MA located at $7.61 and $7.73 levels, respectively. Additionally, shares of GNW trade at a P/E ratio of 1.33 and have a Relative Strength Index (RSI) and MACD indicator of 33.88 and -0.36, respectively.

GNW currently prints a one year loss of about 47% and a year-to-date loss of around 18%.

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