Unum Group reports results for the quarter ended in March - Earnings Summary

Unum

01/05/2024 24:40

* Unum Group  UNM.N  reported quarterly adjusted earnings of
$2.12​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.87.  The mean expectation of twelve analysts for the quarter
was for earnings of $1.97 per share. Wall Street expected
results to range from $1.93  to $2.02 per share.
    * Revenue rose 5.4% to $3.20 billion from a year ago;
analysts
expected $3.21 billion. 
    * Unum Group's reported EPS for the quarter was $2.04​.
    * The company reported quarterly net income of $395.2
million.
    * Unum Group shares had fallen by 4.9% this quarter and
gained 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the life & health
insurance peer group is also "buy"

Wall Street's median 12-month price target for Unum Group is
$57.00 
This summary was machine generated from LSEG data April 30 at
11:40 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
 Mar. 31 2024      1.97           2.12           Beat
 Dec. 31 2023      1.87           1.79           Missed
 Sep. 30 2023                     1.94           
 Jun. 30 2023      1.86           2.06           Beat