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Following is a list of 13 mid cap companies (Mkt. Cap between 3-10 bn) for which sell side consensus EPS expectations for the current quarter has decreased by more than 15% in the last month, with at least two sell side analysts reducing their estimates.

Tkr

Company Name

Consensus EPS Current Qtr 1m %ch (%)

No. of analyst decreasing their estimates

BPOP

POPULAR INC

-89.58

2

SPR

SPIRIT AEROSYS

-16.57

11

VR

VALIDUS HOLDINGS

-277.94

8

GES

GUESS ?

-28.89

8

RNR

RENAISSANCERE HL

-368.89

8

AXS

AXIS CAPITAL

-445.8

10

ACGL

ARCH CAPITAL GR

-168.05

7

CREE

CREE INC

-29.56

26

HCBK

HUDSON CITY BANC

-690.39

17

SUN

SUNOCO INC

-39.43

5

RE

EVEREST RE GRP

-287.4

7

ERJ

EMBRAER SA

-18.14

4

XL

XL GROUP PLC

-327.29

15

Here are some of the specifics about these companies, including a brief description of their business, growth rates (top line and bottom line) and Valuation:

Popular, Inc. (NASDAQ:BPOP) is a diversified, publicly owned bank holding company. The Company operates in Puerto Rico, the United States mainland and provides processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican Republic, El Salvador and Costa Rica. Its EPS forecast for the current year is 0.14. For next year it is 0.36. According to the consensus estimates, its top line is expected to decline 26.21% current year and grow 0.73% next year. It is trading at a forward P/E of 8.75. Out of 7 analysts covering the company, 6 are positive and have buy recommendations and 1 has a hold rating.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is an independent non-OEM (original equipment manufacturer) aircraft parts designer and manufacturer of commercial aero structures to Boeing. In addition, the Company is a supplier of aero structures to Airbus. The Company manufactures aero structures for every Boeing commercial aircraft in production, including the airframe content for the Boeing B737. Its EPS forecast for the current year is 1.78 and next year is 2.3. According to the consensus estimates, its top line is expected to grow 12.22% current year and 16.27% next year. It is trading at a forward P/E of 10.43. Out of 20 analysts covering the company, 9 are positive and have buy recommendations, 1 has a sell recommendation and 10 have hold ratings.

Validus Holdings, Ltd. (NYSE:VR) provides reinsurance coverage in the property, marine and specialty lines markets. The Company conducts its operations worldwide through two wholly owned subsidiaries, Validus Reinsurance, Ltd. (Validus Re) and Talbot Holdings Ltd. (Talbot). Its EPS forecast for the current year is 2.4 and next year is 4.44. According to the consensus estimates, its top line is expected to grow 0.58% current year and decline 1.5% next year. It is trading at a forward P/E of 7.58. Out of 9 analysts covering the company, 6 are positive and have buy recommendations and 3 have hold ratings.

Guess?, Inc. (NYSE:GES) designs, markets, distributes and licenses lifestyle collections of contemporary apparel and accessories for men, women and children. The Company’s apparel is marketed under numerous trademarks including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc. Its EPS forecast for the current year is 3.39 and next year is 3.88. According to the consensus estimates, its top line is expected to grow 10.92% current year and 11.7% next year. It is trading at a forward P/E of 10.15. Out of 14 analysts covering the company, 8 are positive and have buy recommendations and 6 have hold ratings.

RenaissanceRe Holdings Ltd. (NYSE:RNR) is a provider of reinsurance and insurance coverages and related services. It operates in two segments, Reinsurance and Individual Risk. Its EPS forecast for the current year is 2.88 and next year is 7.8. According to the consensus estimates, its top line is expected to decline 28.67% current year and 1.62% next year. It is trading at a forward P/E of 9.08. Out of 14 analysts covering the company, 5 are positive and have buy recommendations and 9 have hold ratings.

Axis Capital Holdings Limited (NYSE:AXS)is a Bermuda-based holding company for the AXIS Group of Companies. The Company, through its various operating subsidiaries and branches, provides a range of insurance and reinsurance products globally with locations in Bermuda, the United States and Europe. The Company operates in two business segments: insurance and reinsurance segment. Its EPS forecast for the current year is 0.58 and next year is 4.09. According to the consensus estimates, its top line is expected to grow 1.45% current year and 1.15% next year. It is trading at a forward P/E of 8.88. Out of 16 analysts covering the company, 6 are positive and have buy recommendations and 10 have hold ratings.

Arch Capital Group Ltd. (NASDAQ:ACGL) writes insurance and reinsurance on a worldwide basis. The Company operates in two underwriting segments: insurance and reinsurance. Its EPS forecast for the current year is 6 and next year is 8.05. According to the consensus estimates, its top line is expected to decline 2.99% current year and grow 0.77% next year. It is trading at a forward P/E of 12.64. Out of 18 analysts covering the company, 10 are positive and have buy recommendations, 1 has a sell recommendation and 7 have hold ratings.

Cree, Inc. (NASDAQ:CREE) develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. It focuses its expertise in SiC and GaN on light emitting diode (LED) products. It also develops power and radio frequency (NYSE:RF) products. Its EPS forecast for the current year is 1.81 and next year is 2.02. According to the consensus estimates, its top line is expected to grow 13.66% current year and 20.53% next year. It is trading at a forward P/E of 21.28. Out of 31 analysts covering the company, 18 are positive and have buy recommendations, 4 have sell recommendations and 9 have hold ratings.

Hudson City Bancorp, Inc. (NASDAQ:HCBK) serves as the holding company of its only subsidiary, Hudson City Savings Bank. The principal asset of Hudson City Bancorp is its investment in Hudson City Savings Bank. Hudson City Savings is a federally chartered stock savings bank. It conducts its operations out of its corporate offices in Paramus, in Bergen County, New Jersey, and through 131 branches in the metropolitan area of New York. Its EPS forecast for the current year is -0.51 and next year is 0.91. According to the consensus estimates, its top line is expected to decline 14.56% current year and grow 6.12% next year. It is trading at a forward P/E of 10.74. Out of 19 analysts covering the company, 4 have sell recommendations and 15 have hold ratings.

Sunoco, Inc. (NYSE:SUN) is a holding company that, through its subsidiaries, operates as a petroleum refiner and marketer, and chemicals manufacturer with interests in logistics and coke making. Its petroleum refining and marketing operations include the manufacturing and marketing of a range of petroleum products, including fuels and some petrochemicals. Its EPS forecast for the current year is 2.16 and next year is 2.76. According to the consensus estimates, its top line is expected to decline 7.35% current year and grow 7.26% next year. It is trading at a forward P/E of 15.57. Out of 16 analysts covering the company, 2 are positive and have buy recommendations, 6 have sell recommendations and 8 have hold ratings.

Everest Re Group, Ltd., (NYSE:RE) through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. It underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. It operates in five segments: U.S. Reinsurance, U.S. Insurance, Specialty Underwriting, International and Bermuda. Its EPS forecast for the current year is 4.47 and next year is 11.4. According to the consensus estimates, its top line is expected to grow 0.91% current year and 0.84% next year. It is trading at a forward P/E of 7.99. Out of 12 analysts covering the company, 4 are positive and have buy recommendations and 8 have hold ratings.

Embraer S.A., (NYSE:ERJ) formerly Embraer-Empresa Brasileira de Aeronautica SA, is engaged in the manufacturing of commercial aircraft. The Company is a supplier of defense aircraft for the Brazilian Air Force. It has also sold aircraft to military forces in Europe, Asia and Latin America. Its EPS forecast for the current year is 1.95 and next year is 2.34. According to the consensus estimates, its top line is expected to grow 7.19% current year and 13.11% next year. It is trading at a forward P/E of 14.12. Out of 10 analysts covering the company, 5 are positive and have buy recommendations, 1 has a sell recommendation and 4 have hold ratings.

XL Group plc (NYSE:XL) is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises worldwide. The Company operates through three segments: Insurance, Reinsurance and Life Operations. Its EPS forecast for the current year is 1.28 and next year is 2.18. According to the consensus estimates, its top line is expected to grow 1.28% current year and decline 0.09% next year. It is trading at a forward P/E of 11.39. Out of 17 analysts covering the company, 7 are positive and have buy recommendations and 10 have hold ratings.

Source: 13 Mid-Caps With Downward Consensus Trends