Lincoln National Corp. (NYSE:LNC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Lincoln National Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16.51% to $1.27 in the quarter versus EPS of $1.09 in the year-earlier quarter.
Revenue: Rose 3.45% to $3 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lincoln National Corp. reported adjusted EPS income of $1.27 per share. By that measure, the company beat the mean analyst estimate of $1.15. It missed the average revenue estimate of $3 billion.
Quoting Management: “We had an exceptionally good earnings quarter, and the level and mix of sales will help provide for future growth and further ROE development,” said Dennis R. Glass, president and CEO of Lincoln Financial Group. “The quarter provided a good demonstration of the various actions we have taken to improve our operating results including product pricing, claims management, risk management and distribution expansion, all of which are reflected in the results.”
Key Stats (on next page)…
EPS increased 24.51% from $1.02 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.15 and has not changed. For the current year, the average estimate has moved up from a profit of $4.52 to a profit of $4.53 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)