Lincoln National Q1 2024 Adj EPS $0.41 Misses $1.10 Estimate, Sales $4.116B Miss $4.584B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lincoln National reported Q1 2024 adjusted EPS of $0.41, missing the $1.10 estimate, and sales of $4.116B, below the $4.584B estimate. This represents a 7.92% increase in sales compared to the same period last year.
May 02, 2024 | 11:02 am
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NEGATIVE IMPACT
Lincoln National's Q1 2024 earnings and sales missed analyst estimates, with adjusted EPS at $0.41 against a $1.10 estimate and sales of $4.116B against a $4.584B estimate.
Missing both earnings and sales estimates significantly, especially by 62.73% for EPS, is likely to negatively impact investor sentiment and stock price in the short term. The fact that sales increased compared to the previous year might offer some mitigation, but the miss on expectations is a strong negative signal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100