Company Overview - Globe Life Inc. (GL) is valued at $11.1 billion and specializes in life insurance, annuities, and supplemental health insurance products across the United States, targeting lower-middle-income to middle-income families with affordable policies [1] Earnings Expectations - Analysts expect GL to report fiscal third-quarter earnings of $4.52 per share, a 29.5% increase from $3.49 per share in the same quarter last year [2] - For the current year, EPS is projected to be $14.43, up 16.7% from $12.37 in fiscal 2024, with a further increase to $15.09 expected in fiscal 2026 [3] Stock Performance - GL stock has increased by 31.2% over the past year, outperforming the S&P 500 Index's 17.8% and the Financial Select Sector SPDR Fund's 19.7% gains [4] Recent Earnings Release - Following the Q2 earnings release on July 23rd, GL stock surged 5.4% due to strong bottom-line growth, despite missing revenue estimates with total revenue reported at $1.5 billion [5] - The net operating income per share rose 10.1% to $3.27, supported by a 4.5% growth in total insurance premiums, including a 7.5% increase in health premiums [5] Analyst Ratings - The consensus opinion on GL stock is highly bullish, with a "Strong Buy" rating from nine out of 14 analysts, two suggesting a "Moderate Buy," and three giving a "Hold" [6] - The average analyst price target for GL is $161, indicating a potential upside of 17% from current levels [6]
Here's What to Expect From Globe Life’s Next Earnings Report