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

Lincoln National

01/08/2024 12:47

* Lincoln National Corp  LNC.N  reported quarterly adjusted
earnings of $1.84​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $2.02.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.77 per share. Wall Street
expected results to range from $1.61  to $1.86 per share.
    * Revenue rose 8.9% to $5.15 billion from a year ago;
analysts
expected $4.65 billion. 
    * Lincoln National Corp's reported EPS for the quarter was
$5.11​.
    * The company reported quarterly net income of $884 million.
    * Lincoln National Corp shares had risen by 7.1% this
quarter and
gained 23.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
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 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 Lincoln National
Corp is $32.00 
This summary was machine generated from LSEG data August 1 at
11:47 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
 Jun. 30 2024      1.77           1.84           Beat
 Mar. 31 2024                     0.41           
 Dec. 31 2023      1.32           1.45           Beat
 Sep. 30 2023      1.77           0.23           Missed