Unum Group Earnings: Here’s Why Investors are Not Excited Now
Unum Group (NYSE:UNM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.58%.
Unum Group Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.59% to $0.8 in the quarter versus EPS of $0.73 in the year-earlier quarter.
Revenue: Rose 0.52% to $2.63 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Unum Group reported adjusted EPS income of $0.8 per share. By that measure, the company beat the mean analyst estimate of $0.78. It beat the average revenue estimate of $2.62 billion.
Quoting Management: “The first quarter represented a good start to the year, with growth in operating earnings per share of 9.6 percent and an increase in book value per share of 12 percent,” said Thomas R. Watjen, president and chief executive officer. “We continue to benefit from the disciplined approach we have taken in our business, which has enabled us to generate solid returns in our businesses and continue to return capital to our shareholders. We are, however, maintaining a cautious outlook for 2013, and expect little near-term improvement in either employment growth, interest rates, or in general business confidence. While this may slow our ability to profitably grow our business in the short-term, we continue to believe we are well positioned to operate in this environment and deliver value for our customers and shareholders.”
Key Stats (on next page)…