Globe Life (GL) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Globe Life (GL) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for October 23, 2024, with expectations that better-than-expected key numbers could lead to a stock price increase, while missing estimates may result in a decline [2]. - The consensus estimate for Globe Life's quarterly earnings is $3.05 per share, reflecting a year-over-year increase of +12.6%, with revenues projected at $1.47 billion, up 5.8% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.11%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Globe Life is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.25%, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Globe Life currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, Globe Life exceeded the expected earnings of $2.90 per share by delivering $2.97, resulting in a surprise of +2.41% [11]. - Over the past four quarters, Globe Life has surpassed consensus EPS estimates three times [12]. Industry Context - Moody's (MCO), a peer in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings of $2.75 per share for the same quarter, reflecting a year-over-year change of +13.2%, with revenues projected at $1.69 billion, up 14.6% [16]. - Moody's has seen a 1.5% upward revision in its consensus EPS estimate over the last 30 days, resulting in a positive Earnings ESP of 7.57% and a Zacks Rank of 2 (Buy), indicating a strong likelihood of beating the consensus EPS estimate [17].