Unum (UNM) Q2 Earnings and Revenues Surpass Estimates

Core Viewpoint - Unum has demonstrated strong earnings performance, surpassing consensus EPS estimates multiple times, and its future stock movement will depend on management's commentary and earnings expectations [1][4][10]. Financial Performance - Unum reported quarterly earnings of $2.16 per share, exceeding the Zacks Consensus Estimate of $2.02 per share, and compared to earnings of $2.06 per share a year ago [9]. - The company posted revenues of $3.24 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.54%, and this represents a year-over-year increase from $3.11 billion [10]. - The earnings surprise for the latest quarter was 6.93%, with a previous quarter surprise of 7.61% [3]. Market Performance - Unum shares have increased approximately 18.4% since the beginning of the year, outperforming the S&P 500's gain of 14.5% [11]. Earnings Estimates and Outlook - The current consensus EPS estimate for the upcoming quarter is $2.05 on revenues of $3.25 billion, and for the current fiscal year, it is $8.25 on revenues of $12.95 billion [6]. - The estimate revisions trend for Unum is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [13]. Industry Context - The Insurance - Accident and Health industry, to which Unum belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, suggesting potential challenges ahead [14].