Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1658
    -0.0025 (-0.22%)
     

  • GBP/USD

    1.2549
    +0.0016 (+0.13%)
     

  • Bitcoin GBP

    50,337.02
    +3,434.23 (+7.32%)
     

  • CMC Crypto 200

    1,358.64
    +81.66 (+6.40%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.98
    -0.97 (-1.23%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Here's What Key Metrics Tell Us About Globe Life (GL) Q1 Earnings

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Globe Life (GL) reported revenue of $1.4 billion, up 3.9% over the same period last year. EPS came in at $2.78, compared to $2.53 in the year-ago quarter.

The reported revenue represents a surprise of -1.65% over the Zacks Consensus Estimate of $1.43 billion. With the consensus EPS estimate being $2.80, the EPS surprise was -0.71%.

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.

ADVERTISEMENT

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- Total premium: $1.15 billion versus $1.15 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change.

  • Revenue- Net investment income: $282.58 million versus $278.13 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.9% change.

  • Revenue- Health premium: $341.02 million versus $344.19 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.

  • Revenue- Life premium: $804.27 million versus $805.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.

  • Revenue- Other income (loss): $0.08 million compared to the $0.10 million average estimate based on four analysts. The reported number represents a change of +52% year over year.

  • Insurance Underwriting Income- Life: $309.01 million compared to the $311.33 million average estimate based on three analysts.

  • Insurance Underwriting Income- Annuity: $1.92 million versus the three-analyst average estimate of $2.01 million.

  • Insurance Underwriting Income- Health: $93.77 million versus $96.31 million estimated by three analysts on average.

View all Key Company Metrics for Globe Life here>>>

Shares of Globe Life have returned -42.2% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Globe Life Inc. (GL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research