Primerica (PRI) Q1 Earnings and Revenues Surpass Estimates

Core Insights - Primerica reported quarterly earnings of $5.02 per share, exceeding the Zacks Consensus Estimate of $4.77 per share, and showing an increase from $3.91 per share a year ago, resulting in an earnings surprise of 5.24% [1] - The company achieved revenues of $803.56 million for the quarter, surpassing the Zacks Consensus Estimate by 2.06% and up from $741.66 million year-over-year [2] - Primerica has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the previous quarter was 1.41%, with actual earnings of $5.03 per share against an expectation of $4.96 per share [1] - The current consensus EPS estimate for the upcoming quarter is $5.22, with projected revenues of $788.78 million, and for the current fiscal year, the EPS estimate is $20.74 on revenues of $3.2 billion [7] Stock Performance - Primerica shares have declined approximately 2.9% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Insurance - Life Insurance industry is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which could impact Primerica's stock performance [5]