Lincoln National Corp reports results for the quarter ended in December - Earnings Summary

Lincoln National

08/02/2024 15:37

* Lincoln National Corp  LNC.N  reported quarterly adjusted
earnings of $1.45​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 97 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.32 per
share. Wall Street expected results to range from 86 cents
to $1.68 per share.
    * Revenue fell 85% to $700.00 million from a year ago;
analysts
expected $4.42 billion. 
    * Lincoln National Corp's reported EPS for the quarter was a
loss
of $7.35​.
    * The company reported a quarterly loss of $1.25 billion.
    * Lincoln National Corp shares had risen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.3%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 11
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Lincoln
National
Corp is $28.00 

This summary was machine generated from LSEG data February 8 at
03:37 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
 Dec. 31 2023      1.32           1.45           Beat
 Sep. 30 2023      1.77           0.23           Missed
 Jun. 30 2023      1.85           2.02           Beat
 Mar. 31 2023      1.63           1.52           Missed