The upcoming report from Globe Life (GL) is expected to reveal quarterly earnings of $4.87 per share, indicating an increase of 1.3% compared to the year-ago period. Analysts forecast revenues of $1.61 billion, representing an increase of 5.9% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Globe Life metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Total premium' of $1.31 billion. The estimate indicates a change of +6.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Net investment income' should arrive at $297.08 million. The estimate indicates a change of +3.9% from the prior-year quarter.
Analysts' assessment points toward 'Life Underwriting Margin- Liberty National' reaching $54.75 million. The estimate suggests a change of -22.1% year over year.
It is projected by analysts that the 'Life Underwriting Margin- Other' will reach $33.93 million. The estimate points to a change of -6.9% from the year-ago quarter.
Analysts expect 'Life Underwriting Margin- Direct to Consumer' to come in at $110.35 million. The estimate indicates a change of -3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Health premium- Family Heritage' should come in at $129.35 million. The estimate suggests a change of +9% year over year.
The consensus among analysts is that 'Life Underwriting Margin- American Income' will reach $253.53 million. The estimate points to a change of -2.9% from the year-ago quarter.
Analysts forecast 'Revenue- Health premium- Direct to Consumer' to reach $20.87 million. The estimate indicates a change of +8.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Health premium- American Income' will likely reach $32.31 million. The estimate indicates a change of +2% from the prior-year quarter.
Analysts predict that the 'Revenue- Health premium- Liberty National' will reach $49.44 million. The estimate points to a change of +4.6% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Health Premium- United American' at $211.78 million. The estimate points to a change of +24.8% from the year-ago quarter.
The consensus estimate for 'Revenue- Life premium' stands at $865.77 million. The estimate points to a change of +2.5% from the year-ago quarter.
View all Key Company Metrics for Globe Life here>>>Shares of Globe Life have demonstrated returns of -2.5% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #3 (Hold), GL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Globe Life Inc. (GL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).