Globe Life (NYSE:GL) reported its Q1 earnings results on Wednesday, April 20, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Globe Life missed estimated earnings by 1.16%, reporting an EPS of $1.7 versus an estimate of $1.72.
Revenue was up $41.40 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.06 which was followed by a 1.53% drop in the share price the next day.
Here's a look at Globe Life's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.76 | 1.93 | 1.83 | 1.62 |
| EPS Actual | 1.70 | 1.78 | 1.85 | 1.53 |
| Revenue Estimate | 1.28B | 1.26B | 1.24B | 1.24B |
| Revenue Actual | 1.30B | 1.28B | 1.27B | 1.27B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Globe Life management provided guidance for FY 2022, expecting earnings between $7.85 and $8.25 per share.
To track all earnings releases for Globe Life visit their earnings calendar here..
This article was generated by Benzinga's automated content engine and reviewed by an editor.
