FBL Financial Group Earnings: Here’s Why the Stock is Rising Now

FBL Financial Group Inc. (NYSE:FFG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.21%.

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FBL Financial Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 39.06% to $0.89 in the quarter versus EPS of $0.64 in the year-earlier quarter.

Revenue: Rose 5.28% to $168.04 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FBL Financial Group Inc. reported adjusted EPS income of $0.89 per share. By that measure, the company beat the mean analyst estimate of $0.79. It beat the average revenue estimate of $89.65 million.

Quoting Management: “I am pleased to report that FBL Financial Group delivered substantial growth in first quarter financial results with an 81 percent increase in net income to $0.96 per share and a 39 percent increase in operating income to $0.89 per share. These results reflect focus on our attractive Farm Bureau niche market, execution of our strategies, and steady and consistent growth from Farm Bureau Life,” said James P. Brannen, Chief Executive Officer of FBL Financial Group, Inc. “We continue to maintain a strong capital position and emphasize life insurance sales, resulting in a 27 percent increase in first quarter life premiums collected.”

Key Stats (on next page)…

Revenue increased 2.1% from $164.59 million in the previous quarter. EPS decreased 4.3% from $0.93 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.77 to a profit $0.8. For the current year, the average estimate has moved up from a profit of $3.1 to a profit of $3.21 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)