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Unum (UNM) Gains But Lags Market: What You Should Know
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In the latest trading session, Unum (UNM - Free Report) closed at $44.77, marking a +1.43% move from the previous day. This move lagged the S&P 500's daily gain of 1.63%. Elsewhere, the Dow gained 1.07%, while the tech-heavy Nasdaq added 0.3%.
Coming into today, shares of the insurance company had gained 14.83% in the past month. In that same time, the Finance sector gained 1.89%, while the S&P 500 gained 2.94%.
Investors will be hoping for strength from Unum as it approaches its next earnings release, which is expected to be November 1, 2022. The company is expected to report EPS of $1.40, up 35.92% from the prior-year quarter. 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.
Any recent changes to analyst estimates for Unum should also be noted by investors. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. Unum currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Unum is holding a Forward P/E ratio of 7.2. Its industry sports an average Forward P/E of 14.4, so we one might conclude that Unum is trading at a discount comparatively.
Also, we should mention that UNM has a PEG ratio of 0.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.
The Insurance - Accident and Health industry is part of the Finance sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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Unum (UNM) Gains But Lags Market: What You Should Know
In the latest trading session, Unum (UNM - Free Report) closed at $44.77, marking a +1.43% move from the previous day. This move lagged the S&P 500's daily gain of 1.63%. Elsewhere, the Dow gained 1.07%, while the tech-heavy Nasdaq added 0.3%.
Coming into today, shares of the insurance company had gained 14.83% in the past month. In that same time, the Finance sector gained 1.89%, while the S&P 500 gained 2.94%.
Investors will be hoping for strength from Unum as it approaches its next earnings release, which is expected to be November 1, 2022. The company is expected to report EPS of $1.40, up 35.92% from the prior-year quarter. 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.
Any recent changes to analyst estimates for Unum should also be noted by investors. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% higher. Unum currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Unum is holding a Forward P/E ratio of 7.2. Its industry sports an average Forward P/E of 14.4, so we one might conclude that Unum is trading at a discount comparatively.
Also, we should mention that UNM has a PEG ratio of 0.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.
The Insurance - Accident and Health industry is part of the Finance sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.