Recap: Globe Life Q1 Earnings

Globe Life GL reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

Earnings

Globe Life beat estimated earnings by 2.43%, reporting an EPS of $2.53 versus an estimate of $2.47.

Revenue was up $13.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07 which was followed by a 2.87% drop in the share price the next day.

Here's a look at Globe Life's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Globe Life management provided guidance for FY 2023, expecting earnings between $10.28 and $10.52 per share.

To track all earnings releases for Globe Life visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.