Globe Life's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Globe Life (NYSE:GL) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $2.64. The company's past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. The company's shares were trading at $111.21 as of October 23, with a 1.95% decrease over the last 52-week period.
October 24, 2023 | 2:01 pm
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Globe Life is expected to report an EPS of $2.64 in its upcoming earnings. Despite beating EPS estimates in the past, the company's share price has typically dropped post-earnings.
Globe Life has a history of its share price dropping after earnings reports, even when it beats EPS estimates. This trend, combined with the current analyst estimate of $2.64 EPS, suggests that the company's share price may experience a short-term drop following the upcoming earnings report.
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