Primerica (PRI - Free Report) reported $689.57 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.6%. EPS of $3.99 for the same period compares to $2.86 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $707.34 million, representing a surprise of -2.51%. The company delivered an EPS surprise of +5.28%, with the consensus EPS estimate being $3.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Primerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Client Asset Values: $88.8 billion versus $89.1 billion estimated by two analysts on average.
- Life Insurance Policies Issued: 96953 versus 81677.32 estimated by two analysts on average.
- Life-Licensed Sales Force, End of period: 137806 compared to the 137052.8 average estimate based on two analysts.
- Recruits: 86124 versus the two-analyst average estimate of 87769.22.
- Revenues- Net investment income: $32.40 million versus $31.91 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +52.2% change.
- Revenues- Commissions and fees: $233.13 million compared to the $240.44 million average estimate based on four analysts. The reported number represents a change of -3.1% year over year.
- Revenues- Other, net: $20.16 million compared to the $19.56 million average estimate based on four analysts. The reported number represents a change of +7.5% year over year.
- Revenues- Net premiums: $403.03 million versus $415.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
- Adjusted Operating Revenues- Investment and Savings Products: $214.51 million compared to the $225.35 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year.
- Adjusted Operating Revenues- Corporate and Other Distributed Products: $48.29 million versus $46.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +79.6% change.
- Adjusted Operating Revenues- Term Life Insurance: $411.87 million compared to the $422.14 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Adjusted Operating Revenues- Senior Health: $14.89 million compared to the $14.88 million average estimate based on three analysts. The reported number represents a change of +26% year over year.
View all Key Company Metrics for Primerica here>>>Shares of Primerica have returned +7.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Primerica (PRI - Free Report) reported $689.57 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.6%. EPS of $3.99 for the same period compares to $2.86 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $707.34 million, representing a surprise of -2.51%. The company delivered an EPS surprise of +5.28%, with the consensus EPS estimate being $3.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Primerica performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Client Asset Values: $88.8 billion versus $89.1 billion estimated by two analysts on average.
- Life Insurance Policies Issued: 96953 versus 81677.32 estimated by two analysts on average.
- Life-Licensed Sales Force, End of period: 137806 compared to the 137052.8 average estimate based on two analysts.
- Recruits: 86124 versus the two-analyst average estimate of 87769.22.
- Revenues- Net investment income: $32.40 million versus $31.91 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +52.2% change.
- Revenues- Commissions and fees: $233.13 million compared to the $240.44 million average estimate based on four analysts. The reported number represents a change of -3.1% year over year.
- Revenues- Other, net: $20.16 million compared to the $19.56 million average estimate based on four analysts. The reported number represents a change of +7.5% year over year.
- Revenues- Net premiums: $403.03 million versus $415.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
- Adjusted Operating Revenues- Investment and Savings Products: $214.51 million compared to the $225.35 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year.
- Adjusted Operating Revenues- Corporate and Other Distributed Products: $48.29 million versus $46.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +79.6% change.
- Adjusted Operating Revenues- Term Life Insurance: $411.87 million compared to the $422.14 million average estimate based on three analysts. The reported number represents a change of +0.3% year over year.
- Adjusted Operating Revenues- Senior Health: $14.89 million compared to the $14.88 million average estimate based on three analysts. The reported number represents a change of +26% year over year.
View all Key Company Metrics for Primerica here>>>Shares of Primerica have returned +7.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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