For the quarter ended September 2024, CNO Monetary (CNO) reported income of $1.13 billion, up 19.1% over the identical interval final 12 months. EPS got here in at $1.11, in comparison with $0.88 within the year-ago quarter.
The reported income represents a shock of +21.69% over the Zacks Consensus Estimate of $927.27 million. With the consensus EPS estimate being $0.84, the EPS shock was +32.14%.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply 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 buyers undertaking a inventory’s value efficiency extra precisely.
Right here is how CNO carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Insurance coverage coverage earnings: $645 million in comparison with the $637.43 million common estimate primarily based on three analysts. The reported quantity represents a change of +3% 12 months over 12 months.
- Insurance coverage Product Margin- Annuity: $91.10 million versus $58.17 million estimated by two analysts on common.
- Insurance coverage Product Margin- Life: $63.30 million versus the two-analyst common estimate of $61.32 million.
- Insurance coverage Product Margin- Well being: $127.80 million in comparison with the $125.65 million common estimate primarily based on two analysts.
View all Key Company Metrics for CNO here>>>
Shares of CNO have returned +1.2% over the previous month versus the Zacks S&P 500 composite’s +1% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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Many of the shares on this report are flying underneath Wall Avenue radar, which offers an important alternative to get in on the bottom flooring.
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CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report
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