Globe Life (GL) Q2 Earnings Beat Estimates

Company Overview - Equitable Holdings, Inc. is expected to report revenues of $3.82 billion, reflecting a 14.5% increase from the same quarter last year [2] - Globe Life reported revenues of $1.45 billion for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.01%, compared to $1.37 billion in the previous year [4] - Globe Life's quarterly earnings were $2.97 per share, surpassing the Zacks Consensus Estimate of $2.90 per share, and up from $2.61 per share a year ago [9][10] Earnings Expectations - Globe Life is projected to post quarterly earnings of $1.43 per share, indicating a year-over-year increase of 22.2%, although the consensus EPS estimate has been revised 1.2% lower in the last 30 days [8] - The current consensus EPS estimate for Globe Life is $3 on revenues of $1.47 billion for the upcoming quarter and $11.75 on revenues of $5.83 billion for the current fiscal year [13] Performance Metrics - Globe Life has exceeded consensus EPS estimates three times over the last four quarters [10] - Despite the positive earnings surprises, Globe Life shares have declined approximately 26.4% since the beginning of the year, contrasting with the S&P 500's gain of 16.5% [11] Industry Context - The Financial - Miscellaneous Services industry, to which Globe Life belongs, is currently ranked in the top 42% of over 250 Zacks industries, indicating a favorable outlook [7] - The Zacks Rank for Globe Life is 1 (Strong Buy), suggesting that the stock is expected to outperform the market in the near future [6]