Globe Life Q2 2024 Adj EPS $2.97 Beats $2.90 Estimate, Sales $1.440B Miss $1.450B Estimate
Portfolio Pulse from Benzinga Newsdesk
Globe Life (NYSE:GL) reported Q2 2024 adjusted EPS of $2.97, beating the analyst estimate of $2.90. However, sales of $1.440 billion missed the $1.450 billion estimate. Sales increased by 8.60% compared to the same period last year.
July 24, 2024 | 8:24 pm
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Globe Life reported Q2 2024 adjusted EPS of $2.97, beating the analyst estimate of $2.90. However, sales of $1.440 billion missed the $1.450 billion estimate. Sales increased by 8.60% compared to the same period last year.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term, despite the slight miss in sales. The YoY sales growth of 8.60% also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100