Aflac Q2 2024 Adj. EPS $1.83 Beats $1.60 Estimate, Sales $5.138B Beat $4.314B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aflac (NYSE:AFL) reported Q2 2024 adjusted EPS of $1.83, beating the $1.60 estimate by 14.38%. Sales were $5.138 billion, surpassing the $4.314 billion estimate by 19.10%. EPS increased by 15.82% year-over-year, while sales saw a slight decrease of 0.66%.
July 31, 2024 | 8:15 pm
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POSITIVE IMPACT
Aflac's Q2 2024 earnings per share of $1.83 beat estimates by 14.38%, and sales of $5.138 billion exceeded expectations by 19.10%. Despite a slight year-over-year sales decrease, the strong EPS growth is a positive indicator.
Aflac's strong EPS growth and significant sales beat are likely to positively impact the stock price in the short term. The slight year-over-year sales decrease is overshadowed by the robust earnings performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100