Lincoln Financial Group (LNC) Q3 earnings: what to expect

Insurance and retirement company Lincoln National (NYSE:LNC) will be reporting earnings this Thursday before the bell. Here’s what to expect.

Lincoln Financial Group beat analysts’ revenue expectations last quarter, reporting revenues of $4.93 billion, up 4.2% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ net premiums earned estimates but a significant miss of analysts’ book value per share estimates.

Is Lincoln Financial Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Lincoln Financial Group’s revenue to grow 4.2% year on year, in line with the 3.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Lincoln Financial Group has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Lincoln Financial Group’s peers in the life insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Horace Mann Educators posted flat year-on-year revenue, missing analysts’ expectations by 1.7%, and Equitable Holdings reported revenues up 1.3%, falling short of estimates by 4.2%. Equitable Holdings traded up 1.7% following the results.

Read our full analysis of Horace Mann Educators’s results here and Equitable Holdings’s results here.

There has been positive sentiment among investors in the life insurance segment, with share prices up 6.9% on average over the last month. Lincoln Financial Group is up 1.9% during the same time and is heading into earnings with an average analyst price target of $47.83 (compared to the current share price of $41.68).

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