In its upcoming report, Aflac (AFL) is predicted by Wall Street analysts to post quarterly earnings of $1.80 per share, reflecting a decline of 27.7% compared to the same period last year. Revenues are forecasted to be $4.2 billion, representing a year-over-year decrease of 11.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Aflac metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenues- Other income (loss)' to reach $31.98 million. The estimate indicates a change of +23% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Net investment income' will likely reach $956.22 million. The estimate indicates a change of -10.4% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Total net earned premiums' will reach $3.24 billion. The estimate indicates a year-over-year change of -3.8%.
Based on the collective assessment of analysts, 'Total adjusted revenues- Corporate and other' should arrive at $292.79 million. The estimate indicates a change of -14.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Total adjusted revenues- Aflac Japan' should come in at $2.15 billion. The estimate points to a change of -7.8% from the year-ago quarter.
Analysts' assessment points toward 'Total adjusted revenues- Aflac Japan- Total net earned premiums' reaching $1.52 billion. The estimate indicates a change of -8.5% from the prior-year quarter.
Analysts expect 'Total adjusted revenues- Aflac Japan- Net investment income' to come in at $636.96 million. The estimate points to a change of -6.1% from the year-ago quarter.
The average prediction of analysts places 'Total adjusted revenues- Aflac U.S.- Other income' at $22.33 million. The estimate indicates a year-over-year change of +17.5%.
The consensus estimate for 'Total Benefit /Premium - Aflac Japan' stands at 62.6%. The estimate is in contrast to the year-ago figure of 27.8%.
The consensus among analysts is that 'Total Adjusted Expenses/Total Adjusted Revenue - Aflac U.S.' will reach 38.1%. The estimate compares to the year-ago value of 38.9%.
The collective assessment of analysts points to an estimated 'Total Benefit /Premium - Aflac U.S.' of 49.4%. The estimate compares to the year-ago value of 45.6%.
Analysts predict that the 'Total Adjusted Expenses/Total Adjusted Revenue - Aflac Japan' will reach 20.4%. The estimate compares to the year-ago value of 19.8%.
View all Key Company Metrics for Aflac here>>>
Aflac shares have witnessed a change of +11.1% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #3 (Hold), AFL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Aflac Incorporated (AFL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
