Earnings Preview: General Growth, Greenlight, Hartford Financial Services, Herbalife, Vertex

Earnings Preview: General Growth, Greenlight, Hartford Financial Services, Herbalife, Vertex

While next week will not resemble this week’s and last week’s torrent of earnings reports, there are still a number of significant companyies reporting on Friday. The following report will take a look at five of these companies as they reveal the results of their last quarters.

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Earnings Preview: General Growth, Greenlight, Hartford Financial Services, Herbalife, Vertex

Earnings Preview

General Growth Properties Inc. (GGP)

General Growth Properties Inc (NYSE:GGP) operates as a real estate investment trust in the United States. It operates in two segments, Retail and Other, and Master Planned Communities. The Retail and Other segment involves in the operation, development, and management of retail and other rental property comprising retail centers, office and industrial buildings, and mixed-use and other properties, as well as festival market places, urban mixed-use centers, and strip/community centers.

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The improving U.S. economy is good news for General Growth Properties Inc (NYSE:GGP) as shopping picks up across the nation and the retail space rentals improves.

The consensus estimate for the quarter’s earnings is $0.25 per share versus year-over-year earnings of $0.23 earnings per share. For the fiscal year, expect earnings of $1.11 versus earnings per share of $0.99 the fiscal year prior.

For the quarter, The Street is looking for quarterly sales of $670.54 million up 6.4% over the corresponding quarter when General Growth saw revenues of $624.13 million. For the fiscal year, the consensus estimate is $2.78 billion, up over 10% from the year prior when the company sold $2.51 billion.

Greenlight Capital Re, Ltd. (GLRE)

Greenlight Capital Re, Ltd. (NASDAQ:GLRE), through its subsidiaries, operates in the property and casualty reinsurance business in the United States, Europe, the Caribbean, and internationally. The company?s frequency business includes contracts containing smaller losses emanating from multiple events and enables the clients to increase their own underwriting capacity; and severity business comprises contracts with the potential for significant losses emanating from one event or multiple events.

If the week’s trading finishes like today’s began, Greenlight may see a return to its 52-week high for the stock.

Greenlight is looking to impress with earnings of $0.68 for the quarter per share compared to a loss in the corresponding quarter of $0.98. For the fiscal year, analysts are looking for Greenlight to report earnings of $3.93 per share compared to $0.39 the year prior.

Revenue for the quarter according to the consensus will be $138.03 million up nearly 50% from the year-over-year quarter when sales were $92.88 million. On the year, expect revenues of $581.20 million up 6.6% from sales of $545.40 million.

Hartford Financial Services Group, Inc. (HIG)

Hartford Financial Services Group Inc (NYSE:HIG), through its subsidiaries, provides insurance and financial services to individual and business customers primarily in the United States and Japan. The company’s Mutual Funds segment provides mutual funds for retail accounts, such as retirement plans and 529 college savings plans; and investment-management and administrative services comprising product design, implementation, and oversight.

Analysts are expecting the company to book a profit of $0.71 a share, up from $0.23 a year ago. Over the past three months, the consensus estimate has fallen from $0.74. For the fiscal year, analysts are expecting earnings of $3.21 per share compared to the year prior when earnings per share were $2.88.

Revenue is projected to eclipse the year-earlier total of $4.57 billion by 19%, finishing at $5.46 billion for the quarter compared to year-over-year revenue of $4.57 billion. For the year, revenue is projected to come in at $23.91 billion down from $26.41 billion a difference of 9.5%.

The majority of analysts (53%) rate Hartford Financial as a Buy. This compares favorably to the analyst ratings of its nearest nine competitors, which average 43% buys.

Herbalife Ltd. (HLF)

Herbalife Ltd. (NYSE:HLF), a network marketing company, sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products worldwide. Despite suggestions to the contrary, notably by Ackman, Herbalife is not a Ponzi scheme—MLM sure.

The consensus estimate is $1.19 per share, up from earnings of $1.10 per share a year ago. The consensus estimate has risen over the past month, from $1.18, but it’s below the estimate of $1.26 from three months ago. Analysts are expecting earnings of $4.79 per share for the fiscal year compared to earnings the year prior or $4.05.

Revenue is projected to be $1.16 billion for the quarter, 12% above the year-earlier total of $1.03 billion. For the year, revenue is expected to come in at $4.62 billion up 13.50% for the fiscal year prior when sales were $4.05 billion.

Vertex Pharmaceuticals Incorporated (VRTX)

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) engages in discovering, developing, manufacturing, and commercializing small molecule drugs for patients with serious diseases. Vertex announced a stumble with its Hepatitis C medication and is limping into Monday’s reporting trading down over 6% on the day.

Vertex is expected by the consensus to report a loss of $0.18 up from a loss of $0.33 per share in the year-over-year quarter. For the fiscal year, earnings will reflect a loss or $2.13 per share down considerably from a loss of $0.50 the year prior.

Revenue for the quarter is expected at $308.02 down 26.4% from year-over-year sales or $418.30 million. For the fiscal year, revenues are anticipated at $1.20 billion down 21.6% from sales the prior year of 1.53 billion.


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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at theflask@gmail.com</i>
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