Aflac Inc reports results for the quarter ended June 30 - Earnings Summary

• Aflac Inc AFL.N reported quarterly adjusted earnings of $1.73​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.83. The mean expectation of fourteen analysts for the quarter was for earnings of $1.70 per share. Wall Street expected results to range from $1.64 to $1.80 per share.

• Revenue fell 19% to $4.16 billion from a year ago; analysts expected $4.33 billion.

• Aflac Inc's reported EPS for the quarter was $1.11​.

• The company reported quarterly net income of $599 million.

• Aflac Inc shares had fallen by 6.5% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the life & health insurance peer group is "buy."

• Wall Street's median 12-month price target for Aflac Inc is $105.50, about 6.2% above its last closing price of $98.92

This summary was machine generated from LSEG data August 5 at 09:46 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)