Employee benefits provider Unum Group (NYSE: UNM) will be reporting results this Tuesday after market close. Here’s what investors should know.
Unum Group missed analysts’ revenue expectations last quarter, reporting revenues of $3.25 billion, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ book value per share estimates and a significant miss of analysts’ EPS estimates.
Is Unum Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Unum Group’s revenue to decline 6.4% year on year, a reversal from the 3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Unum Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Unum Group’s peers in the insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Globe Life delivered year-on-year revenue growth of 5.6%, meeting analysts’ expectations, and Stewart Information Services reported revenues up 27.7%, topping estimates by 4.7%. Globe Life traded up 1.8% following the results while Stewart Information Services was also up 3.9%.
Read our full analysis of Globe Life’s results here and Stewart Information Services’s results here.
There has been positive sentiment among investors in the insurance segment, with share prices up 6.4% on average over the last month. Unum Group is up 6.2% during the same time and is heading into earnings with an average analyst price target of $93.38 (compared to the current share price of $77.48).
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