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Globe Life's (GL) first-quarter results reflect a rise in premiums, improved net investment income and increased insurance underwriting income, offset by higher expenses.
Although the revenue and EPS for Globe Life (GL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Globe Life (GL) came out with quarterly earnings of $2.78 per share, missing the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.53 per share a year ago.
Globe Life (GL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Globe Life (GL) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Insurance might seem like a boring sector to bet on, but one company is proving that theory wrong of late.
Besides Wall Street's top -and-bottom-line estimates for Globe Life (GL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
MCKINNEY, Texas , April 16, 2024 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) will release First Quarter 2024 earnings after the market closes on Monday, April 22, 2024. At that time, a copy of the Company's First Quarter 2024 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at https://investors.globelifeinsurance.com/ under Financial Reports and Other Financial Information.
Globe Life (GL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.