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 Group (UNM) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
Unum Group (UNM - Free Report) will report second-quarter 2019 results on Jul 30 after market close. The company delivered positive earnings surprise in three of the last four quarters with the average beat being 2.16%.
Let’s see how things are shaping up for this announcement.
Unum Group’s second-quarter results are likely to benefit from continued strong performance at its core businesses. This is likely to drive premium growth as well as stable benefits experience.
Voluntary benefits and individual disability as well as vision product line likely continue to witness higher sales on expanded distribution.
Improving sales trends and solid persistency are expected to aid Unum U.S and Colonial Life’s premiums in the to-be-reported quarter. Unum U.S. sales are likely to be aided by its dental platform.
The Zacks Consensus Estimate for Unum U.S. premium is pegged at nearly $1.5 billion while that for Colonial Life is pegged at $420 million.
Unum International is likely to benefit from the inclusion of Unum Poland and improved rate increases in the group long-term disability line and higher persistency.
Improved interest rate environment and expected higher new money yields are likely to support investment results in the soon-to-be-reported quarter. The Zacks Consensus estimate for the metric is pegged at $604 million.
However, policy terminations and maturities for the individual disability lines are expected to weigh on Closed Block segment.
Share buyback is likely to provide additional boost to the bottom line.
The Zacks Consensus Estimate for earnings is pegged at $1.34 per share, indicating 3.1% increase from the year-ago reported figure on 3.3% higher revenues.
What Our Quantitative Model States
Our proven model does not conclusively show that Unum Group is likely to beat on earnings in the to-be-reported period. This is because a stock needs to have both a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here as you will see below.
Earnings ESP: Unum Group has an Earnings ESP of -1.34%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: Unum Group carries a Zacks Rank #4 (Sell)
We caution against Zacks Rank #4 or 5 (Strong Sell) stocks going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Some stocks worth considering from the insurance industry with the perfect mix of elements to surpass estimates this time around are as follows:
The Hartford Financial Services Group (HIG - Free Report) is set to report second-quarter earnings on Aug 1. It has an Earnings ESP of +0.54% and a Zacks Rank of 3.
American Financial Group (AFG - Free Report) is set to report second-quarter earnings on Aug 6. It has an Earnings ESP of +0.66% and a Zacks Rank of 3.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
Image: Bigstock
Unum Group (UNM) to Report Q2 Earnings: What's in the Cards?
Unum Group (UNM - Free Report) will report second-quarter 2019 results on Jul 30 after market close. The company delivered positive earnings surprise in three of the last four quarters with the average beat being 2.16%.
Let’s see how things are shaping up for this announcement.
Unum Group’s second-quarter results are likely to benefit from continued strong performance at its core businesses. This is likely to drive premium growth as well as stable benefits experience.
Voluntary benefits and individual disability as well as vision product line likely continue to witness higher sales on expanded distribution.
Improving sales trends and solid persistency are expected to aid Unum U.S and Colonial Life’s premiums in the to-be-reported quarter. Unum U.S. sales are likely to be aided by its dental platform.
The Zacks Consensus Estimate for Unum U.S. premium is pegged at nearly $1.5 billion while that for Colonial Life is pegged at $420 million.
Unum International is likely to benefit from the inclusion of Unum Poland and improved rate increases in the group long-term disability line and higher persistency.
Improved interest rate environment and expected higher new money yields are likely to support investment results in the soon-to-be-reported quarter. The Zacks Consensus estimate for the metric is pegged at $604 million.
However, policy terminations and maturities for the individual disability lines are expected to weigh on Closed Block segment.
Share buyback is likely to provide additional boost to the bottom line.
The Zacks Consensus Estimate for earnings is pegged at $1.34 per share, indicating 3.1% increase from the year-ago reported figure on 3.3% higher revenues.
What Our Quantitative Model States
Our proven model does not conclusively show that Unum Group is likely to beat on earnings in the to-be-reported period. This is because a stock needs to have both a positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here as you will see below.
Earnings ESP: Unum Group has an Earnings ESP of -1.34%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Unum Group Price and EPS Surprise
Unum Group price-eps-surprise | Unum Group Quote
Zacks Rank: Unum Group carries a Zacks Rank #4 (Sell)
We caution against Zacks Rank #4 or 5 (Strong Sell) stocks going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Some stocks worth considering from the insurance industry with the perfect mix of elements to surpass estimates this time around are as follows:
Lincoln National (LNC - Free Report) , set to report second-quarter earnings on Jul 31, has an Earnings ESP of +0.71% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here..
The Hartford Financial Services Group (HIG - Free Report) is set to report second-quarter earnings on Aug 1. It has an Earnings ESP of +0.54% and a Zacks Rank of 3.
American Financial Group (AFG - Free Report) is set to report second-quarter earnings on Aug 6. It has an Earnings ESP of +0.66% and a Zacks Rank of 3.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>