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.
Seeking Clues to Reinsurance Group (RGA) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Reinsurance Group (RGA - Free Report) to post quarterly earnings of $4.94 per share in its upcoming report, which indicates a year-over-year increase of 12.3%. Revenues are expected to be $4.92 billion, up 14.9% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance 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.
In light of this perspective, let's dive into the average estimates of certain Reinsurance Group metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenues- Other revenues' at $95.96 million. The estimate suggests a change of +12.9% year over year.
According to the collective judgment of analysts, 'Revenues- Net premiums' should come in at $3.94 billion. The estimate indicates a change of +18.1% from the prior-year quarter.
The consensus estimate for 'Revenues- Investment income, net of related expenses/ Net investment income' stands at $948.33 million. The estimate indicates a year-over-year change of +10.7%.
Based on the collective assessment of analysts, 'Pre-tax adjusted operating income (loss)- Total Asia Pacific' should arrive at $140.46 million. The estimate compares to the year-ago value of $151 million.
The combined assessment of analysts suggests that 'Pre-tax adjusted operating income (loss)- Total Canada' will likely reach $38.04 million. The estimate compares to the year-ago value of $38 million.
Analysts' assessment points toward 'Pre-tax adjusted operating income (loss)- Total EMEA' reaching $92.64 million. The estimate compares to the year-ago value of $70 million.
Analysts predict that the 'Pre-tax adjusted operating income (loss)- Total U.S. and Latin America' will reach $198.30 million. The estimate compares to the year-ago value of $172 million.
It is projected by analysts that the 'Pre-tax adjusted operating income (loss)- Asia Pacific Financial Solutions' will reach $57.24 million. The estimate compares to the year-ago value of $62 million.
Analysts forecast 'Pre-tax adjusted operating income (loss)- Asia Pacific Traditional' to reach $80.38 million. Compared to the present estimate, the company reported $89 million in the same quarter last year.
The consensus among analysts is that 'Pre-tax adjusted operating income (loss)- EMEA Financial Solutions' will reach $79.12 million. The estimate is in contrast to the year-ago figure of $66 million.
Analysts expect 'Pre-tax adjusted operating income (loss)- Canada Financial Solutions' to come in at $6.23 million. Compared to the present estimate, the company reported $6 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Pre-tax adjusted operating income (loss)- Canada Traditional' of $29.49 million. Compared to the current estimate, the company reported $32 million in the same quarter of the previous year.
Shares of Reinsurance Group have demonstrated returns of +8% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #1 (Strong Buy), RGA is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Seeking Clues to Reinsurance Group (RGA) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts expect Reinsurance Group (RGA - Free Report) to post quarterly earnings of $4.94 per share in its upcoming report, which indicates a year-over-year increase of 12.3%. Revenues are expected to be $4.92 billion, up 14.9% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance 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.
In light of this perspective, let's dive into the average estimates of certain Reinsurance Group metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenues- Other revenues' at $95.96 million. The estimate suggests a change of +12.9% year over year.
According to the collective judgment of analysts, 'Revenues- Net premiums' should come in at $3.94 billion. The estimate indicates a change of +18.1% from the prior-year quarter.
The consensus estimate for 'Revenues- Investment income, net of related expenses/ Net investment income' stands at $948.33 million. The estimate indicates a year-over-year change of +10.7%.
Based on the collective assessment of analysts, 'Pre-tax adjusted operating income (loss)- Total Asia Pacific' should arrive at $140.46 million. The estimate compares to the year-ago value of $151 million.
The combined assessment of analysts suggests that 'Pre-tax adjusted operating income (loss)- Total Canada' will likely reach $38.04 million. The estimate compares to the year-ago value of $38 million.
Analysts' assessment points toward 'Pre-tax adjusted operating income (loss)- Total EMEA' reaching $92.64 million. The estimate compares to the year-ago value of $70 million.
Analysts predict that the 'Pre-tax adjusted operating income (loss)- Total U.S. and Latin America' will reach $198.30 million. The estimate compares to the year-ago value of $172 million.
It is projected by analysts that the 'Pre-tax adjusted operating income (loss)- Asia Pacific Financial Solutions' will reach $57.24 million. The estimate compares to the year-ago value of $62 million.
Analysts forecast 'Pre-tax adjusted operating income (loss)- Asia Pacific Traditional' to reach $80.38 million. Compared to the present estimate, the company reported $89 million in the same quarter last year.
The consensus among analysts is that 'Pre-tax adjusted operating income (loss)- EMEA Financial Solutions' will reach $79.12 million. The estimate is in contrast to the year-ago figure of $66 million.
Analysts expect 'Pre-tax adjusted operating income (loss)- Canada Financial Solutions' to come in at $6.23 million. Compared to the present estimate, the company reported $6 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Pre-tax adjusted operating income (loss)- Canada Traditional' of $29.49 million. Compared to the current estimate, the company reported $32 million in the same quarter of the previous year.
View all Key Company Metrics for Reinsurance Group here>>>
Shares of Reinsurance Group have demonstrated returns of +8% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #1 (Strong Buy), RGA is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>