For the quarter ended December 2023, Globe Life (GL - Free Report) reported revenue of $1.4 billion, up 5.3% over the same period last year. EPS came in at $2.80, compared to $2.24 in the year-ago quarter.
The reported revenue represents a surprise of +0.21% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $2.74, the EPS surprise was +2.19%.
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 Globe Life performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Net investment income: $271.61 million compared to the $267.16 million average estimate based on six analysts. The reported number represents a change of +6.8% year over year.
- Revenue- Total premium: $1.13 billion versus $1.13 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
- Revenue- Life premium: $794.82 million versus $792.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.
- Revenue- Health premium: $335.86 million versus $337.56 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
- Insurance Underwriting Income- Life: $305.48 million versus the three-analyst average estimate of $303.03 million.
- Insurance Underwriting Income- Annuity: $1.95 million versus the three-analyst average estimate of $2.14 million.
- Insurance Underwriting Income- Health: $97.49 million compared to the $96.73 million average estimate based on three analysts.
View all Key Company Metrics for Globe Life here>>>Shares of Globe Life have returned +1.7% over the past month versus the Zacks S&P 500 composite's +5.6% 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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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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For the quarter ended December 2023, Globe Life (GL - Free Report) reported revenue of $1.4 billion, up 5.3% over the same period last year. EPS came in at $2.80, compared to $2.24 in the year-ago quarter.
The reported revenue represents a surprise of +0.21% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $2.74, the EPS surprise was +2.19%.
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 Globe Life performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Net investment income: $271.61 million compared to the $267.16 million average estimate based on six analysts. The reported number represents a change of +6.8% year over year.
- Revenue- Total premium: $1.13 billion versus $1.13 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
- Revenue- Life premium: $794.82 million versus $792.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.
- Revenue- Health premium: $335.86 million versus $337.56 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
- Insurance Underwriting Income- Life: $305.48 million versus the three-analyst average estimate of $303.03 million.
- Insurance Underwriting Income- Annuity: $1.95 million versus the three-analyst average estimate of $2.14 million.
- Insurance Underwriting Income- Health: $97.49 million compared to the $96.73 million average estimate based on three analysts.
View all Key Company Metrics for Globe Life here>>>Shares of Globe Life have returned +1.7% over the past month versus the Zacks S&P 500 composite's +5.6% 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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