Aflac Inc reports results for the quarter ended in January 1 - Earnings Summary

Aflac

31/10/2024 02:54

* Aflac Inc  AFL.N  reported quarterly adjusted earnings of
$2.16​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of
$1.84.  The mean expectation of fifteen analysts for the quarter
was for earnings of $1.69 per share. Wall Street expected
results to range from $1.58  to $1.82 per share.
    * Revenue fell 40.4% to $2.95 billion from a year ago;
analysts
expected $4.42 billion. 
    * Aflac Inc's reported EPS for the quarter was a loss of 17
cents​.
    * The company reported a quarterly loss of $93 million.
    * Aflac Inc shares had fallen by 1.6% this quarter and
gained 33.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the life & health
insurance peer group is also "hold"

Wall Street's median 12-month price target for Aflac Inc is
102.00 
This summary was machine generated from LSEG data October 31 at
02:54 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.69           2.16           Beat
 Jun. 30 2024      1.60           1.83           Beat
 Mar. 31 2024      1.58           1.66           Beat
 Dec. 31 2023      1.45           1.25           Missed