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Globe Life Inc. (GL), headquartered in McKinney, Texas, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the U.S. Valued at $9.9 billion by market cap, the company offers term, whole, and children's life insurance, as well as accidental benefits, mortgage protection, and medicare supplement plans. The insurance giant is expected to announce its fiscal second-quarter earnings for 2025 on Wednesday, Jul. 23.
Ahead of the event, analysts expect GL to report a profit of $3.27 per share on a diluted basis, up 10.1% from $2.97 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
For the full year, analysts expect GL to report EPS of $13.62, up 10.1% from $12.37 in fiscal 2024. Its EPS is expected to rise 9.8% year over year to $14.95 in fiscal 2026.
GL stock has outperformed the S&P 500 Index’s ($SPX) 13.4% gains over the past 52 weeks, with shares up 47% during this period. Similarly, it outperformed the Financial Select Sector SPDR Fund’s (XLF) 28% gains over the same time frame.
On Apr. 30, GL reported its Q1 results, and its shares closed down more than 4% in the following trading session. Its EPS of $3.07 fell short of Wall Street expectations of $3.24. The company’s revenue was $1.48 billion, missing Wall Street forecasts of $1.49 billion. GL expects full-year EPS in the range of $13.45 to $14.05.
Analysts’ consensus opinion on GL stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 11 analysts covering the stock, seven advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and three give a “Hold.” GL’s average analyst price target is $145, indicating a potential upside of 19.6% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
