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

Lincoln National

02/11/2023 16:07

* Lincoln National Corp  LNC.N  reported quarterly adjusted
earnings of 23 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.39.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.77 per
share. Wall Street expected results to range from $1.52 
to $1.99 per share.
    * Revenue rose 21.6% to $5.63 billion from a year ago;
analysts
expected $4.72 billion. 
    * Lincoln National Corp's reported EPS for the quarter was
$4.79​.
    * The company reported quarterly net income of $819 million.
    * Lincoln National Corp shares had fallen by 13.2% this
quarter and lost 30.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, three 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 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Lincoln
National
Corp is $25.50 

This summary was machine generated from LSEG data November 2 at
04:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.77           0.23           Missed
 Jun. 30 2023      1.85           2.02           Beat
 Mar. 31 2023      1.63           1.52           Missed
 Dec. 31 2022      1.80           0.97           Missed