Primerica (PRI) Tops Q2 Earnings and Revenue Estimates

Core Viewpoint - Primerica reported quarterly earnings of $4.71 per share, exceeding the Zacks Consensus Estimate of $4.45 per share, and showing an increase from $3.99 per share a year ago, representing an earnings surprise of 5.84% [1][2] Financial Performance - The company posted revenues of $753.29 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.78%, compared to $689.57 million in the same quarter last year [2] - Over the last four quarters, Primerica has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Primerica shares have increased approximately 17.2% since the beginning of the year, outperforming the S&P 500's gain of 9.9% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $4.64 on revenues of $755.54 million, and for the current fiscal year, it is $17.73 on revenues of $3.01 billion [7] - The estimate revisions trend for Primerica is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Insurance - Life Insurance industry is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting that the overall industry outlook may impact stock performance [8]