We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unum (UNM) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Unum (UNM - Free Report) closed at $44.14, marking a +1.26% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.
Prior to today's trading, shares of the insurance company had gained 12.03% over the past month. This has outpaced the Finance sector's loss of 2.03% and the S&P 500's loss of 0.84% in that time.
Unum will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2022. In that report, analysts expect Unum to post earnings of $1.40 per share. This would mark year-over-year growth of 35.92%. Meanwhile, our latest consensus estimate is calling for revenue of $2.98 billion, up 0.51% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.13 per share and revenue of $12.04 billion, which would represent changes of +40.92% and +0.87%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Unum. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Unum currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Unum has a Forward P/E ratio of 7.11 right now. Its industry sports an average Forward P/E of 14.25, so we one might conclude that Unum is trading at a discount comparatively.
Also, we should mention that UNM has a PEG ratio of 0.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Insurance - Accident and Health industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unum (UNM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Unum (UNM - Free Report) closed at $44.14, marking a +1.26% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.19%. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.18%.
Prior to today's trading, shares of the insurance company had gained 12.03% over the past month. This has outpaced the Finance sector's loss of 2.03% and the S&P 500's loss of 0.84% in that time.
Unum will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2022. In that report, analysts expect Unum to post earnings of $1.40 per share. This would mark year-over-year growth of 35.92%. Meanwhile, our latest consensus estimate is calling for revenue of $2.98 billion, up 0.51% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.13 per share and revenue of $12.04 billion, which would represent changes of +40.92% and +0.87%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Unum. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Unum currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Unum has a Forward P/E ratio of 7.11 right now. Its industry sports an average Forward P/E of 14.25, so we one might conclude that Unum is trading at a discount comparatively.
Also, we should mention that UNM has a PEG ratio of 0.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Insurance - Accident and Health industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.