Unum (UNM) Q1 Earnings and Revenues Lag Estimates

Group 1: Earnings Performance - Unum reported quarterly earnings of $2.04 per share, missing the Zacks Consensus Estimate of$ 2.19 per share, and down from $2.12 per share a year ago, representing an earnings surprise of -6.85% [1] - The company posted revenues of$ 3.3 billion for the quarter, missing the Zacks Consensus Estimate by 1.05%, compared to $3.2 billion in the same quarter last year [2] - Over the last four quarters, Unum has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - Unum shares have increased by approximately 8.2% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the coming quarter is$ 2.26 on revenues of $3.35 billion, and for the current fiscal year, it is$ 9 on revenues of $13.35 billion [7] Group 3: Industry Context - The Insurance - Accident and Health industry, to which Unum belongs, is currently in the top 34% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Unum's stock performance [5][6]