We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unum (UNM) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Unum (UNM - Free Report) closed the most recent trading day at $38.44, moving -1.21% from the previous trading session. This change lagged the S&P 500's 1.03% loss on the day. Elsewhere, the Dow lost 1.11%, while the tech-heavy Nasdaq lost 0.13%.
Coming into today, shares of the insurance company had gained 0.08% in the past month. In that same time, the Finance sector lost 8.75%, while the S&P 500 lost 10.4%.
Unum will be looking to display strength as it nears its next earnings release. On that day, Unum is projected to report earnings of $1.41 per share, which would represent year-over-year growth of 36.89%. Meanwhile, our latest consensus estimate is calling for revenue of $3 billion, up 0.9% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.12 per share and revenue of $12.07 billion, which would represent changes of +40.69% and +1.08%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Unum. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Unum is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Unum's current valuation metrics, including its Forward P/E ratio of 6.36. This represents a discount compared to its industry's average Forward P/E of 13.71.
Meanwhile, UNM's PEG ratio is currently 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. UNM's industry had an average PEG ratio of 1.29 as of yesterday's close.
The Insurance - Accident and Health industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unum (UNM) Dips More Than Broader Markets: What You Should Know
Unum (UNM - Free Report) closed the most recent trading day at $38.44, moving -1.21% from the previous trading session. This change lagged the S&P 500's 1.03% loss on the day. Elsewhere, the Dow lost 1.11%, while the tech-heavy Nasdaq lost 0.13%.
Coming into today, shares of the insurance company had gained 0.08% in the past month. In that same time, the Finance sector lost 8.75%, while the S&P 500 lost 10.4%.
Unum will be looking to display strength as it nears its next earnings release. On that day, Unum is projected to report earnings of $1.41 per share, which would represent year-over-year growth of 36.89%. Meanwhile, our latest consensus estimate is calling for revenue of $3 billion, up 0.9% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.12 per share and revenue of $12.07 billion, which would represent changes of +40.69% and +1.08%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Unum. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Unum is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Unum's current valuation metrics, including its Forward P/E ratio of 6.36. This represents a discount compared to its industry's average Forward P/E of 13.71.
Meanwhile, UNM's PEG ratio is currently 0.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. UNM's industry had an average PEG ratio of 1.29 as of yesterday's close.
The Insurance - Accident and Health industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.