Globe Life (NYSE:GL) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
Globe Life beat estimated earnings by 2.43%, reporting an EPS of $2.53 versus an estimate of $2.47.
Revenue was up $13.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 2.87% drop in the share price the next day.
Here’s a look at Globe Life’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.17 | 2.10 | 2.06 | 1.72 |
| EPS Actual | 2.24 | 2.15 | 2.07 | 1.70 |
| Revenue Estimate | 1.33B | 1.33B | 1.32B | 1.31B |
| Revenue Actual | 1.32B | 1.29B | 1.29B | 1.31B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Globe Life management provided guidance for FY 2023, expecting earnings between $10.28 and $10.52 per share.
To track all earnings releases for Globe Life visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
