CNO Monetary (CNO) reported $1.16 billion in income for the quarter ended March 2024, representing a year-over-year enhance of 15%. EPS of $0.52 for a similar interval compares to $0.51 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $935.75 million, representing a shock of +23.59%. The corporate delivered an EPS shock of -18.75%, with the consensus EPS estimate being $0.64.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s value efficiency extra precisely.
Right here is how CNO carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Insurance coverage coverage earnings: $628.40 million versus the two-analyst common estimate of $635.65 million. The reported quantity represents a year-over-year change of +0.5%.
- Insurance coverage Margin- Life: $54.60 million in comparison with the $50.05 million common estimate primarily based on two analysts.
- Curiosity-sensitive Margin- Annuity curiosity margin: $52 million in comparison with the $58.99 million common estimate primarily based on two analysts.
View all Key Company Metrics for CNO here>>>
Shares of CNO have returned -3.9% over the previous month versus the Zacks S&P 500 composite’s -2% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
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CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report
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