Horace Mann Educators Revises FY24 EPS To $2.40-$2.70 Vs $2.55 Est.
Portfolio Pulse from Benzinga Newsdesk
Horace Mann Educators (HMN) has revised its full-year 2024 core EPS guidance to $2.40-$2.70, down from the previous estimate of $2.55. The revision is due to lower-than-expected net investment income in the Life & Retirement segment.
August 07, 2024 | 8:55 pm
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Horace Mann Educators (HMN) has revised its full-year 2024 core EPS guidance to $2.40-$2.70, down from the previous estimate of $2.55. This revision is attributed to lower-than-expected net investment income in the Life & Retirement segment.
The downward revision in EPS guidance is likely to negatively impact investor sentiment and the stock price in the short term. Lower-than-expected net investment income in a key segment indicates potential challenges in achieving financial targets.
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