Finance Stock Q3 Earnings Roster For Oct 23: NDAQ, GL & More
Zacks Investment Research | Oct 21, 2019 09:32PM ET
The continuing low interest rate environment has been a dampener for the Finance sector. The Federal Reserve cut interest rate by 25 basis points twice in the third quarter of 2019.
Finance sector players like banks, insurance companies, brokerage firms and money managers generally benefit from higher interest rates. Banks gain from a higher spread between interest earned and interest paid, the difference of which is called net interest margin. Insurance companies gain from higher interest earned on their investment portfolios.
Year-over-year comparisons are likely to be tough as last year earnings growth was boosted by the tax cut legislation. Also, moderate U.S. economic growth and notable slowdown in major global economic regions are likely to have been other dampeners.
Our latest .
The company surpassed estimates in three of the last four reported quarters, with the average surprise being 1.92%. This is depicted in the chart below:
Nasdaq, Inc. Price and EPS Surprise
Globe Life to Report Q3 Earnings: What's in the Cards? )
The Zacks Consensus Estimate for earnings per share of $1.7 indicates 6.9% increase from the year-ago quarter reported figure. The company has an Earnings ESP of +0.00% and a Zacks Rank 4 (Sell).
The company surpassed estimates in three of the last four reported quarters, with the average surprise being 2.24%. This is depicted in the chart below:
Globe Life Inc. Price and EPS Surprise
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