Globe Life (GL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

Wall Street analysts expect Globe Life (GL) to post quarterly earnings of $4.54 per share in its upcoming report, which indicates a year-over-year increase of 30.1%. Revenues are expected to be $1.52 billion, up 4.3% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.With that in mind, let's delve into the average projections of some Globe Life metrics that are commonly tracked and projected by analysts on Wall Street.Analysts expect 'Revenue- Total premium' to come in at $1.24 billion. The estimate indicates a change of +5.3% from the prior-year quarter.The consensus estimate for 'Revenue- Net investment income' stands at $286.47 million. The estimate suggests a change of +0.5% year over year.The collective assessment of analysts points to an estimated 'Revenue- Life premium' of $852.00 million. The estimate indicates a year-over-year change of +4.1%.The consensus among analysts is that 'Revenue- Health premium' will reach $382.70 million. The estimate points to a change of +8.1% from the year-ago quarter.Analysts forecast 'Life Underwriting Margin- Other' to reach $34.24 million. The estimate indicates a change of +3.9% from the prior-year quarter.According to the collective judgment of analysts, 'Life Underwriting Margin- Liberty National' should come in at $49.32 million. The estimate indicates a change of +10.3% from the prior-year quarter.Analysts predict that the 'Life Underwriting Margin- Direct to Consumer' will reach $107.06 million. The estimate indicates a year-over-year change of +21.3%.Based on the collective assessment of analysts, 'Life Underwriting Margin- American Income' should arrive at $261.23 million. The estimate suggests a change of +18.1% year over year.It is projected by analysts that the 'Revenue- Health premium- Direct to Consumer' will reach $19.19 million. The estimate indicates a change of +6.2% from the prior-year quarter.Analysts' assessment points toward 'Revenue- Health premium- Family Heritage' reaching $117.56 million. The estimate indicates a year-over-year change of +9%.The combined assessment of analysts suggests that 'Revenue- Health premium- American Income' will likely reach $31.89 million. The estimate indicates a change of +2% from the prior-year quarter.The average prediction of analysts places 'Revenue- Health premium- Liberty National' at $48.04 million. The estimate points to a change of +1.6% from the year-ago quarter. View all Key Company Metrics for Globe Life here>>> Shares of Globe Life have experienced a change of -6.8% in the past month compared to the +1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Globe Life Inc. (GL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks