MET - MetLife Q1 Earnings Match Estimates | Benzinga
MetLife (NYSE: MET) came out with quarterly earnings of $1.83 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this insurer would post earnings of $1.95 per share when it actually produced earnings of $1.93, delivering a surprise of -1.03%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
MetLife, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $17.02 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 3.81%. This compares to year-ago revenues of $16.13 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MetLife shares have added about 7.5% since the beginning of the year versus the ...