Earnings Preview: F&G Annuities & Life, Inc. (FG) Q2 Earnings Expected to Decline

Core Viewpoint - F&G Annuities & Life, Inc. is anticipated to report a year-over-year decline in earnings despite an increase in revenues, which could significantly influence its stock price in the near term [1][2]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $0.64 per share, reflecting a year-over-year decrease of 41.8% [3]. - Revenues are projected to be $1.18 billion, representing a slight increase of 0.9% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 3.7% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the potential deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [9][10]. - F&G Annuities & Life, Inc. currently holds a Zacks Rank of 5, complicating predictions of an earnings beat [12][13]. Historical Performance - In the last reported quarter, the company was expected to earn $1.19 per share but only achieved $0.72, resulting in a surprise of -39.50% [14]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [15]. Industry Context - Voya Financial, another player in the life insurance sector, is expected to report earnings of $2.09 per share, indicating a year-over-year decline of 7.9% [19]. - Voya's revenues are projected to decrease by 8% to $298.2 million, with a consensus EPS estimate revised down by 1.9% in the last 30 days [20].