Unum Group (UNM) Q2 Earnings: What's In Store For The Stock?
Zacks Investment Research | Jul 24, 2017 09:30PM ET
Unum Group (NYSE:UNM) is slated to report second-quarter 2017 results on Jul 27, after the market closes. Last quarter, the company delivered a positive earnings surprise of 2.00%. Let’s see how things are shaping up for this announcement.
Factors to be Considered this Quarter
Unum Group is likely to witness a decline in operating income at its Unum U.K. business in the soon-to-be-reported quarter. The company is also likely to have experienced lower sales volume in this segment in the second quarter.
Further, the company is likely to report lower premium income at its Closed Block segment, owing to expected policy terminations and maturities for the individual disability line of business. In addition, the company’s Corporate unit has likely incurred an operating loss in the soon-to-be reported quarter.
Also, Unum Group might have experienced a higher debt level, which in turn will increase interest expenses. The company is also likely to record a rise in total benefits and expenses in the second quarter.
However, the company has likely reported better-than-expected results at its Unum U.S. and Colonial Life units, fueled by improved premium income.
Additionally, continued share buybacks should have boosted the bottom line.
With respect to the surprise trend, the company delivered positive surprises in all of the last four quarters with an average beat of 3.39%.
Unum Group Price and EPS Surprise
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