Aflac (AFL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Aflac gets upgraded to Buy from my prior hold rating a year ago, driven by policy growth & retention in Q3 despite net earnings loss. Although the stock trades near a 10-year-high, it is still undervalued to key peers in terms of fwd P/E and trailing P/B ratios. A trend of dividend growth looks to continue its sustainability.
AFL's third-quarter earnings benefit from higher net investment income and reduced operating expenses. Lower benefits and expenses in the Japan segment partially offset the positives.
Aflac Incorporated (NYSE:AFL ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants David Young - VP, Capital Markets Dan Amos - Chairman & CEO Max Broden - EVP & CFO Virgil Miller - President, Aflac U.S. Charles Lake - Chairman & President, Aflac International Masatoshi Koide - President, Aflac Life Insurance Japan Brad Dyslin - Global CIO & President, Aflac Global Investments Koichiro Yoshizumi - EVP, Sales & Marketing, Aflac Life Insurance Japan Alycia Slyck - Global Chief Actuary Conference Call Participants Joel Hurwitz - Dowling & Partners Tom Gallagher - Evercore ISI Wes Carmichael - Autonomous Research Ryan Krueger - KBW John Barnidge - Piper Sandler Jimmy Bhullar - J.P. Morgan Wilma Burdis - Raymond James Nick Annitto - Wells Fargo Operator Good day, and welcome to the Aflac Incorporated Third Quarter 2024 Earnings Call.
Although the revenue and EPS for Aflac (AFL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Aflac (AFL) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.84 per share a year ago.
Increasing rates, underwriting practices and other factors are expected to have benefited insurance players in the third quarter. AFL, MET, ALL, PRU & AXS will release earnings on Oct. 30.
AFL's Q3 results are likely to reflect benefits of improved Group Life Absent Management and Disability sales in its U.S. operations, partly offset by falling net premiums in the Japan segment.
Better pricing, exposure growth, accelerated digitalization and sturdy capital are expected to help BRK.B, MET, LNC, WTW and AFL outperform third-quarter earnings estimates.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Aflac (AFL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Aflac (AFL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
These companies have shown commitment to raising their dividends, backed by sound fundamentals and consistent growth.