MetLife Q4 Adj EPS $1.83 Misses $1.89 Estimate, Adj Sales $18.72B Beat $18.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
MetLife reported Q4 adjusted earnings of $1.83 per share, missing the consensus estimate of $1.89 by 3.17%. However, adjusted sales of $18.72B exceeded estimates of $18.46B by 1.40%. Year-over-year, earnings and sales increased by 18.06% and 18.20%, respectively.
January 31, 2024 | 9:31 pm
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NEUTRAL IMPACT
MetLife's Q4 adjusted EPS fell short of estimates, but sales surpassed expectations. Earnings and sales showed significant growth compared to last year.
The mixed results with an earnings miss and a sales beat are likely to have a neutral short-term impact on MetLife's stock price. Investors may weigh the positive sales data against the negative earnings surprise, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100