Globe Life Inc. Announces Fourth Quarter 2024 Earnings Release and Conference Call

Globe Life Inc. (NYSE: GL) has announced that it will release its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025. The company will also host a live conference call on Thursday, February 6, 2025, at 11:00am Eastern (10:00am Central) to discuss the results. Investors and analysts can dial in at 1-786-697-3501 (passcode: Globe Life Inc.) or join online under Calls and Meetings at: .



Analysts anticipate a profit of $3.10 per share from Globe Life, marking a 10.7% increase from $2.80 per share in the same quarter last year. The company has a history of surpassing Wall Street's earnings estimates, having done so in three of the last four quarters while missing on another occasion. In Q3, GL’s adjusted EPS of $3.49 outpaced the forecasted figure by a significant margin of 14.4%. For fiscal 2024, analysts expect Globe Life to report an EPS of $12.32, up 15.7% from $10.65 in fiscal 2023.

Shares of GL have declined 6% over the past year, underperforming both the S&P 500 Index's 22% rise and the Financial Select Sector SPDR Fund’s (XLF) 26.8% return over the same time frame. The main reason behind Globe Life's underperformance is a report released in April alleging misconduct and fraud within the company. Shares of GL plunged 1.3% after its Q3 earnings release on Oct. 23 as the company’s revenues of $1.5 billion, which increased 5% from the year-ago quarter, slightly missed the Wall Street estimates. On the other hand, its adjusted EPS of $3.49 climbed 28.8% year-over-year and surpassed the estimates by a notable margin of 14.4%.

Wall Street analysts maintain a cautiously optimistic outlook on GL stock, currently assigning a "Moderate Buy" rating. Among the 11 analysts covering the stock, seven recommend a "Strong Buy," while one suggests a “Moderate Buy,” and three are at a "Hold." This sentiment has improved slightly in the past three months, when only six analysts issued a "Strong Buy." The average price target for GL is set at $133.36, which indicates an 18.1% upside potential from current levels.



In conclusion, Globe Life Inc. is expected to report its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025. The company's history of surpassing earnings estimates and the positive analyst sentiment suggest that the earnings release may be well-received by investors. However, the company's recent underperformance and the allegations of misconduct and fraud may cast a shadow over the results. Investors should closely monitor the earnings call and the subsequent market reaction to make informed decisions about their investments in Globe Life Inc.