Lincoln National LNC reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Lincoln National missed estimated earnings by 16.02%, reporting an EPS of $1.52 versus an estimate of $1.81.
Revenue was down $904.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.83 which was followed by a 2.92% drop in the share price the next day.
Here's a look at Lincoln National's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 1.80 | 1.95 | 2.24 | 1.81 |
EPS Actual | 0.97 | 1.39 | 2.23 | 1.66 |
Revenue Estimate | 4.56B | 4.40B | 4.57B | 4.80B |
Revenue Actual | 4.68B | 4.63B | 4.64B | 4.72B |
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
Lincoln National management provided guidance for Q1 2023, expecting earnings between $1.47 and $1.56 per share.
To track all earnings releases for Lincoln National visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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