MetLife (MET) To Report Q2 Earnings: What's In The Offing?
Zacks Investment Research | Jul 28, 2019 09:54PM ET
MetLife, Inc. (NYSE:MET) is set to release its second-quarter 2019 earnings on Jul 31, 2019.
The Zacks Consensus Estimate for its earnings per share is pegged at $1.32 (up 1.54% year over year) on revenues of $16.5 billion (down 22.3%).
Factors Affecting Q2 Results
Within the U.S. business segment, Group Benefits is expected to report strong underwriting results for both life and Non-Medical Health coverage. This business is also likely to report increase in sales of voluntary products. The company’s brand name, product sets, customer base and distribution reach should drive sales of voluntary products.
We expect low single-digit growth in property and casualty revenues and the underwriting gains should be offset to some extent from catastrophe losses incurred during the to-be-reported quarter.
Favorable underwriting and investment margins, solid volume growth, as well as lower taxes will likely aid operating earnings in Retirement and Income Solutions segment.
In the company’s International business, we expect higher contributions from Asia led by rise in Accident & Health (A&H) and foreign currency products in Japan, and greater A&H sales in India and Japan.
The unit cost initiatives undertaken by the company should lead to a decline in adjusted expense ratio.
Share repurchases made by MetLife in the to-be-reported quarter will likely add to its bottom line.
Earnings Surprise History
The company boasts an attractive earnings surprise history. It beat estimates in each of the last four quarters with an average positive surprise of 9.8%. This is depicted in the chart below:
MetLife, Inc. Price and EPS Surprise
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.