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.
Metlife Lower on Q4 Earnings Miss, Reports $2.1 Billion Net Loss
Read MoreHide Full Article
Metlife, Inc. (MET - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $1.28 per share and revenue of $17.2 billion.
MET was down 1.05% to $53.75 in after-hours trading shortly after its earnings report was released.
Currently, MET has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Metlife:
Missed earnings estimates. The company posted earnings of $1.28 cents per share, missing our Zacks Consensus Estimate of $1.34 a share.
Missed revenue estimates. The company saw revenue figures of $17.2 billion, missed our estimate of $17.303 billion.
Metlife reported a net loss of $2.1 billion according to a GAAP basis. The net loss includes $3.2 billion after tax net derivative losses.
For the full year of 2016, Metlife’s earnings were $5.1 billion which is 7% down from the previous year.
“For full-year 2016 excluding notable items, market factors and underwriting reduced earnings while management actions to control expenses and generate volume growth were positive” said Metlife chairman, president and CEO Steven Kandarian.
Here’s a graph that looks at Metlife’s price, consensus and EPS surprise:
MetLife, Inc. Price, Consensus and EPS Surprise
Metlife Inc. provides insurance, annuities, employee benefits, and property & casualty insurance. Along with other financial services, Metlife runs their operations in the United States, Europe, Japan, Latin America, and Middle East. The New York headquartered company employs 66,000 individuals and went public in 2000. Metlife was founded 1868 and is one of the largest global providers of insurance.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Metlife Lower on Q4 Earnings Miss, Reports $2.1 Billion Net Loss
Metlife, Inc. (MET - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $1.28 per share and revenue of $17.2 billion.
MET was down 1.05% to $53.75 in after-hours trading shortly after its earnings report was released.
Currently, MET has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Metlife:
Missed earnings estimates. The company posted earnings of $1.28 cents per share, missing our Zacks Consensus Estimate of $1.34 a share.
Missed revenue estimates. The company saw revenue figures of $17.2 billion, missed our estimate of $17.303 billion.
Metlife reported a net loss of $2.1 billion according to a GAAP basis. The net loss includes $3.2 billion after tax net derivative losses.
For the full year of 2016, Metlife’s earnings were $5.1 billion which is 7% down from the previous year.
“For full-year 2016 excluding notable items, market factors and underwriting reduced earnings while management actions to control expenses and generate volume growth were positive” said Metlife chairman, president and CEO Steven Kandarian.
Here’s a graph that looks at Metlife’s price, consensus and EPS surprise:
MetLife, Inc. Price, Consensus and EPS Surprise
Metlife Inc. provides insurance, annuities, employee benefits, and property & casualty insurance. Along with other financial services, Metlife runs their operations in the United States, Europe, Japan, Latin America, and Middle East. The New York headquartered company employs 66,000 individuals and went public in 2000. Metlife was founded 1868 and is one of the largest global providers of insurance.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>