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Globe Life (GL) Reports Earnings Tomorrow: What To Expect

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Insurance holding company Globe Life (NYSE: GL) will be announcing earnings results this Wednesday afternoon. Here’s what to expect.

Globe Life met analysts’ revenue expectations last quarter, reporting revenues of $1.56 billion, up 5.4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ book value per share estimates and a miss of analysts’ EPS estimates.

Is Globe Life a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Globe Life’s revenue to grow 6.2% year on year, improving from the 3.2% increase it recorded in the same quarter last year.

Globe Life Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.

Looking at Globe Life’s peers in the insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Travelers posted flat year-on-year revenue, missing analysts’ expectations by 0.9%, and W. R. Berkley reported revenues up 1.2%, falling short of estimates by 1.4%. Travelers traded up 8.9% following the results.

Read our full analysis of Travelers’s results here and W. R. Berkley’s results here.

There has been positive sentiment among investors in the insurance segment, with share prices up 9.8% on average over the last month. Globe Life is up 6.4% during the same time and is heading into earnings with an average analyst price target of $188.55 (compared to the current share price of $183.14).

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