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

CNO Financial

29/07/2024 23:10

* CNO Financial Group Inc  CNO.N  reported quarterly
adjusted
earnings of $1.05​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of six analysts
for the quarter was for earnings of 71 cents per share. Wall
Street expected results to range from 66 cents to 72 cents per
share.
    * Revenue rose 6.8% to $1.09 billion from a year ago;
analysts
expected $943.98 million. 
    * CNO Financial Group Inc's reported EPS for the quarter was
$1.06​.
    * The company reported quarterly net income of $116.3
million.
    * CNO Financial Group Inc shares had risen by 12.4% this
quarter and gained 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, two 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 $30.00 
This summary was machine generated from LSEG data July 29 at
10:10 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
 Jun. 30 2024      0.71           1.05           Beat
 Mar. 31 2024      0.65           0.52           Missed
 Dec. 31 2023      0.85           1.18           Beat
 Sep. 30 2023      0.73           0.88           Beat