CNO Financial Group Inc reports results for the quarter ended in January - Earnings Summary

CNO Financial

30/04/2024 03:26

* CNO Financial Group Inc  CNO.N  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 51 cents.  The mean expectation of
six analysts for the quarter was for earnings of 65 cents per
share. Wall Street expected results to range from 60 cents to 69
cents per share.
    * Revenue rose 15% to $1.16 billion from a year ago;
analysts
expected $935.76 million. 
    * CNO Financial Group Inc's reported EPS for the quarter was
$1.01​.
    * The company reported quarterly net income of $112.3
million.
    * CNO Financial Group Inc shares had fallen by 3.9% this
quarter and lost 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 CNO Financial
Group Inc is $29.00 
This summary was machine generated from LSEG data April 30 at
02:26 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
 Mar. 31 2024      0.65           0.52           Missed
 Dec. 31 2023      0.85           1.18           Beat
 Sep. 30 2023      0.73           0.88           Beat
 Jun. 30 2023      0.67           0.54           Missed