Globe Life will announce its earnings results this Wednesday afternoon. The insurance holding company met revenue expectations last quarter with $1.56 billion, up 5.4% year on year, but missed analysts' estimates for book value per share and EPS. For the upcoming report, the market expects revenue to grow 6.2% year on year, an improvement from the 3.2% increase in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days. Peers Travelers and W. R. Berkley have already reported Q2 results, with Travelers posting flat year-on-year revenue and missing expectations by 0.9%, while W. R. Berkley's revenue rose 1.2% and fell short of estimates by 1.4%. Globe Life shares are up 6.4% over the last month, heading into earnings with an average analyst price target of $188.55 compared to the current share price of $183.14.
The Travelers Companies Inc
W. R. Berkley CorpGlobe Life IncGlobe Life is reporting earnings; market expects revenue growth but prior quarter missed EPS and book value estimates.