Lincoln National Corp reports results for the quarter ended in September 30 - Earnings Summary

Lincoln National

01/11/2024 03:03

* Lincoln National Corp  LNC.N  reported quarterly adjusted
earnings of $2.06​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 23 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.62 per
share. Wall Street expected results to range from $1.43 
to $1.79 per share.
    * Revenue fell 2.2% to $4.11 billion from a year ago;
analysts
expected $4.62 billion. 
    * Lincoln National Corp's reported EPS for the quarter was a
loss
of $3.29​.
    * The company reported a quarterly loss of $562 million.
    * Lincoln National Corp shares had risen by 6.6% this
quarter and
gained 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% 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 1 "strong buy" or "buy," 12
"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 34.00 
This summary was machine generated from LSEG data November 1 at
03:03 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
 Sep. 30 2024      1.62           2.06           Beat
 Jun. 30 2024      1.77           1.84           Beat
 Mar. 31 2024      1.10           0.41           Missed
 Dec. 31 2023      1.32           1.45           Beat