Lincoln National Q2 adjusted EPS beats estimates on higher life insurance income
LNC•Outlook
- Company did not provide specific guidance for the current or upcoming quarters
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $4.54 bln | $4.91 bln (5 Analysts) |
| Q2 Adjusted EPS | Beat | $2.24 | $1.96 (13 Analysts) |
| Q2 Net Income | $1.33 bln |
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
- The average consensus recommendation for the life & health insurance peer group is "buy."
- Wall Street's median 12-month price target for Lincoln National Corp is $45.00, about 8.6% above its July 29 closing price of $41.43
- The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago
Q2 results and key drivers
-
US life insurance and retirement provider's Q2 revenue declined and missed analyst expectations
-
Adjusted EPS for Q2 beat analyst expectations
