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Reinsurance Group (RGA) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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The upcoming report from Reinsurance Group (RGA - Free Report) is expected to reveal quarterly earnings of $6.98 per share, indicating an increase of 9.6% compared to the year-ago period. Analysts forecast revenues of $6.62 billion, representing an increase of 7% year over year.

Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

Bearing this in mind, let's now explore the average estimates of specific Reinsurance Group metrics that are commonly monitored and projected by Wall Street analysts.

Analysts predict that the 'Revenues- Net investment income' will reach $1.69 billion. The estimate suggests a change of +14.7% year over year.

The consensus estimate for 'Revenues- Net premiums' stands at $4.60 billion. The estimate suggests a change of +7.5% year over year.

The consensus among analysts is that 'Revenues- Other revenues' will reach $378.79 million. The estimate indicates a year-over-year change of -13.1%.

Analysts' assessment points toward 'Revenues- Investment related gains (losses), net' reaching $19.00 million. The estimate indicates a year-over-year change of +46.2%.

The average prediction of analysts places 'Net premiums- U.S. and Latin America- Traditional' at $1.99 billion. The estimate points to a change of +5.5% from the year-ago quarter.

Analysts expect 'Net investment income- U.S. and Latin America- Traditional' to come in at $287.50 million. The estimate indicates a change of +2% from the prior-year quarter.

Analysts forecast 'Other Revenues- U.S. and Latin America- Traditional' to reach $15.69 million. The estimate indicates a change of +42.6% from the prior-year quarter.

Based on the collective assessment of analysts, 'Net premiums- U.S. and Latin America- Financial Solutions' should arrive at $254.94 million. The estimate indicates a year-over-year change of +12.3%.

It is projected by analysts that the 'Net investment income- U.S. and Latin America- Financial Solutions' will reach $557.73 million. The estimate suggests a change of +17.2% year over year.

According to the collective judgment of analysts, 'Other Revenues- U.S. and Latin America- Financial Solutions' should come in at $283.34 million. The estimate suggests a change of -19.3% year over year.

The combined assessment of analysts suggests that 'Net premiums- U.S. and Latin America' will likely reach $2.24 billion. The estimate suggests a change of +6.2% year over year.

The collective assessment of analysts points to an estimated 'Net investment income- U.S. and Latin America' of $845.23 million. The estimate points to a change of +11.5% from the year-ago quarter.

View all Key Company Metrics for Reinsurance Group here>>>

Shares of Reinsurance Group have demonstrated returns of +5.4% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #2 (Buy), RGA is expected to beat 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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