So, the shares are expected to underperform the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Horace Mann: unfavorable. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Horace Mann has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Horace Mann shares have lost about 15.5% since the beginning of the year versus the S&P 500's gain of 8.6%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates just once over the last four quarters. This compares to year-ago revenues of $346.8 million. Horace Mann, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $353.9 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 3.73%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. A quarter ago, it was expected that this provider of auto and homeowners' insurance for teachers and other educators would post a loss of $0.11 per share when it actually produced a loss of $0.06, delivering a surprise of 45.45%. This quarterly report represents an earnings surprise of 9.52%. These figures are adjusted for non-recurring items. This compares to earnings of $0.64 per share a year ago. Horace Mann ( HMN Quick Quote HMN - Free Report) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |