Retirement solutions provider Jackson Financial (NYSE: JXN) will be reporting earnings this Tuesday afternoon. Here’s what to look for.
Jackson Financial beat analysts’ revenue expectations last quarter, reporting revenues of $2.01 billion, up 719% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is Jackson Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Jackson Financial has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Jackson Financial’s peers in the life insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CNO Financial Group delivered year-on-year revenue growth of 8.5%, beating analysts’ expectations by 3.2%, and Unum Group reported revenues up 1.9%, topping estimates by 8.9%. CNO Financial Group’s stock price was unchanged after the resultswhile Unum Group was up 4.5%.
Read our full analysis of CNO Financial Group’s results here and Unum Group’s results here.
There has been positive sentiment among investors in the life insurance segment, with share prices up 3.2% on average over the last month. Jackson Financial is up 7.8% during the same time and is heading into earnings with an average analyst price target of $122 (compared to the current share price of $114.21).
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