Employee benefits provider Unum Group (NYSE: UNM) will be reporting earnings this Tuesday afternoon. Here’s what investors should know.
Unum Group missed analysts’ revenue expectations last quarter, reporting revenues of $2.96 billion, down 12.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ book value per share estimates and EPS in line with analysts’ estimates.
Is Unum Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Unum Group’s revenue to decline 5.5% year on year, a deceleration from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Unum Group’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. CNO Financial Group delivered year-on-year revenue growth of 4.5%, missing analysts’ expectations by 15.2%, and Globe Life reported revenues up 6%, in line with consensus estimates. CNO Financial Group traded up 4.5% following the results while Globe Life’s stock price was unchanged.
Read our full analysis of CNO Financial Group’s results here and Globe Life’s results here.
There has been positive sentiment among investors in the insurance segment, with share prices up 5.2% on average over the last month. Unum Group is up 1.4% during the same time and is heading into earnings with an average analyst price target of $102.15 (compared to the current share price of $91.15).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
