Market Overview

Earnings Preview: Reinsurance Group

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Reinsurance Group (NYSE: RGA) releases its next round of earnings this Tuesday, August 04. Here's Benzinga's essential guide to Reinsurance Group's Q2 earnings report.

Earnings and Revenue

Analysts are predicting Reinsurance Group will report a loss of $0.89 per share on revenue of $3.56 billion. Reinsurance Group reported a per-share profit of $3.310 when it published results during the same quarter last year. Sales in that period totaled $3.47 billion. The Wall Street consensus estimate for earnings would represent a 126.89% decrease for the company. Sales would be up 0.56% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 2.34 3.66 3.50 3.41
EPS Actual 1.41 3.43 4.02 3.31
Revenue Estimate 3.58 B 3.59 B 3.41 B 3.39 B
Revenue Actual 3.20 B 3.79 B 3.63 B 3.47 B

Stock Performance

Over the last 52-week period, shares are down 42.24%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Reinsurance Group is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/thdw9e45

 

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