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

Aflac

02/05/2024 13:56

* Aflac Inc  AFL.N  reported quarterly adjusted earnings of
$1.74​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.55.  The mean expectation of fourteen analysts for the
quarter was for earnings of $1.58 per share. Wall Street
expected results to range from $1.52  to $1.64 per share.
    * Revenue rose 13.3% to $5.44 billion from a year ago;
analysts
expected $4.30 billion. 
    * Aflac Inc's reported EPS for the quarter was $3.25​.
    * The company reported quarterly net income of $1.88
billion.
    * Aflac Inc shares had fallen by 1.5% this quarter and
gained 2.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, six 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 1 "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
$84.00 
This summary was machine generated from LSEG data May 2 at 12:56
p.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
 Mar. 31 2024      1.58           1.74           Beat
 Dec. 31 2023      1.45           1.25           Missed
 Sep. 30 2023      1.49           1.84           Beat
 Jun. 30 2023      1.44           1.62           Beat