MetLife (MET) Misses Q4 Earnings Estimates

Group 1 - MetLife reported quarterly earnings of $2.08 per share, missing the Zacks Consensus Estimate of$ 2.13 per share, but showing an increase from $1.93 per share a year ago, resulting in an earnings surprise of -2.35% [1] - The company posted revenues of$ 19.74 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.65% and increasing from $18.72 billion year-over-year [2] - Over the last four quarters, MetLife has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates two times [2] Group 2 - The immediate price movement of MetLife's stock will depend on management's commentary during the earnings call and future earnings expectations [3] - MetLife shares have gained approximately 3.4% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the upcoming quarter is$ 2.09 on revenues of $18.22 billion, and for the current fiscal year, it is$ 9.63 on revenues of $75.37 billion [7] Group 3 - The outlook for the Insurance - Multi line industry, to which MetLife belongs, is currently in the bottom 45% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact MetLife's stock performance [5] - The current estimate revisions trend for MetLife is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]